Hormuz Traffic Hits Multi-Week High as Trump’s April 6 Deadline Looms

Maritime traffic through the strategic Strait of Hormuz has climbed to its highest levels in weeks, offering a temporary reprieve for the vital waterway. However, global oil prices have begun to rise as the situation nears the brink of escalation regarding maritime security. Experts are warning that any prolonged closure of the strait could trigger significant and sharp spikes in energy prices, far exceeding current levels. Market focus remains intensified on the April 6 deadline set by Donald Trump, who has threatened military action against Iranian energy infrastructure. Consequently, Asian currencies like the JPY and CNY remain under pressure due to their heavy reliance on oil shipments through this artery. Investors are closely monitoring the sustainability of recent traffic improvements as geopolitical risks and the potential for supply disruptions continue to mount.