Hormuz Ceasefire is Over ⚓

SHIPPING NEWS

Ceasefire Collapses: Ships, Strikes, and a Widening War

Just three weeks after Trump and Iranian President Pezeshkian signed the Islamabad Memorandum to end the war, the ceasefire has effectively collapsed. Speaking at the NATO summit in Ankara yesterday, Trump declared the deal "over" and a "waste of time," saying he would leave it to US negotiators whether to keep talking at all.

The trigger came from the Strait itself. Between Monday and Tuesday, Iran struck three commercial vessels in the Strait of Hormuz, including a Saudi tanker and a Qatari tanker. A separate tanker was hit off the coast of Oman by an unknown projectile, causing a fire but no reported casualties. Saudi Arabia condemned the attacks in the "strongest possible terms."

The US response has been heavy. American forces struck more than 80 targets across Iran, hitting air defence systems, coastal radar sites, anti-ship missile capabilities, and more than 60 IRGC small boats operating in and around the Strait. On 7 July, US forces also struck Kharg Island—Iran's main oil export hub—and revoked Iran's oil sales permit. Iran retaliated by hitting Kuwait and Bahrain, both home to US military bases.

Are ships still moving? The picture has changed quickly. In the weeks after the MOU was signed, daily transits had recovered to roughly 30–45 vessels—well up from the trough of around 6 per day at the peak of the crisis, but still well short of the pre-crisis baseline of about 90. Since the ceasefire collapsed, that recovery is now in doubt: multiple oil and gas tankers are reported to have turned back from the Strait following the latest attacks, and war-risk insurance is now running at roughly eight times pre-crisis rates, with several P&I clubs withdrawing cover altogether.

Markets are pricing in escalation. Oil rose more than 5% within minutes of Trump's remarks, and global equities fell. Trump summed it up bluntly: "We're either going to make a deal, or we're going to finish the job." Watch Clip

TOGETHER WITH GROUNDFLOOR

This 8.5% Fixed-Rate Investment Has a Perfect Track Record

When markets get unpredictable, investors start looking for two things: liquidity and yield. Groundfloor’s Signature Note offers both, with up to 8.5% fixed returns backed by a diversified pool of residential real estate loans. Since launching Notes in 2018, every investor has been paid their full principal and interest on time.
Choose your term from 1 to 12 months, lock in your rate, and know exactly when your money comes back. You can let it roll over at maturity to keep earning or take your cash out with no fees or penalties. Get $100 on your first $1000 investment with NOTES100.

VIDEO OF THE WEEK

The Vietnamese Boom Is a Lie (and it's worse than you think)

On paper, Vietnam looks unstoppable. The economy is growing around 8% while the rich world scrapes past 2%, the stock market jumped more than a third in a year, trade blew past $930 billion, and a real middle class is spending real money for the first time. Every crane on the skyline tells the same story : Vietnam is booming. But if you ask one boring question, the whole thing starts to fall apart.

TRADE SNIPPETS

Asia-US container rates soar past $7,900 as peak season demand replaces Hormuz fears. Asia-US East Coast container rates jumped 8% to $7,998 per FEU, up 85% since mid-May, as early peak season frontloading ahead of tariff deadlines and fuel surcharges drives trans-Pacific volumes higher.

Ukrainian drones strike 21 Russian ships in 72 hours, escalating maritime war. Ukraine's drone forces hit 19 tankers, one bulker, and one ferry in the Sea of Azov to choke fuel supplies to Crimea, with analysts warning of imminent Russian retaliation on Ukraine-linked shipping.

WiseTech founder Richard White resigns as chair amid mounting personal controversies. Richard White has stepped down as executive chair of logistics software giant WiseTech, replaced by Raelene Murphy, after months of personal media scrutiny wiped over 75% off the company's share price.

Category 5 Super Typhoon Bavi threatens Taiwan, China ports and Pacific commodity supply chains. Super Typhoon Bavi is set to hit Taiwan and China on Friday with 100-knot gusts and 12-metre waves, threatening iron ore, coal, bauxite, soybean, and nickel ore flows through key Pacific shipping lanes.

Which Wealth Management Firms Ranked Highest in 2026?

SmartAsset ranked the top 10 wealth management firms in the U.S. based on AUM, fees and more.

See the List

CLIPS ON “X”

LETS MEME

Was this email forwarded to you? Subscribe here for update