Strait of Hormuz Ship Traffic Drops Sharply Over Weekend

The signal here is less about any single weekend's transits than about the chokepoint itself becoming a variable that markets must price again. Hormuz sits upstream of the entire energy complex, so even a soft disruption feeds through to freight, insurance and inflation expectations, and from there into the risk appetite that crypto and tokenized real-world assets ultimately trade on. Whether the decline proves a temporary precaution or the start of a sustained rerouting pattern is the open question worth watching.