• All commercial ships and oil tankers must refrain from any movement along Strait of Hormuz without coordination with Iranian military
• Aggressive actions by the US will only “complicate current situation”, further endanger security of vessels
• Warns US navy to to approach or even consider entering Strait of Hormuz
• Will “respond harshly” to any threat of any level
• Iran fully maintains security of the Strait of Hormuz

With this kind of threat level, you would imagine that commercial vessels will have to think twice to even take up the US on their offer. After all, these ships will still be uninsured if trying to cross the strait as the war continues to rage on. For now, we can only wait and see if the US will be able to make some progress in establishing ‘Project Freedom’. But even then, it’ll just be a small area for ships to pass through as mentioned here. Well, it’s better than nothing I guess.

Ignoring all the noise, the best way to determine how things are playing out will be to continue to monitor shipping data. And since the weekend, there’s still almost no oil tankers passing through with limited and very restricted movement (less than 10 ships on average).

This article was written by Justin Low at investinglive.com.