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ANALYSIS
8 OCT 2026
World · Shipping

Recorded ship transits through the Strait of Hormuz are running 96% below their 2025 average

IMF satellite tracking counted an average of 3.6 ships a day through the strait in September, against 85.5 a day across 2025. Seven months after Iran's Revolutionary Guards declared it closed, traffic has recovered once, for less than four weeks.

96%
Fewer daily transits in September 2026 than the 2025 average
3.6/day
Average daily transits, September 2026 (2025: 85.5)
1,404
Transits recorded 1 March–4 October 2026; the 2025 rate would have produced about 18,650
What the data shows

Traffic fell by more than nine-tenths in a week and has not come back

The IMF's PortWatch service counts daily transits through the world's main shipping chokepoints using vessel position signals picked up by satellite.12 For the Strait of Hormuz it recorded an average of 85.5 transits a day across 2025, with monthly averages ranging from 55.5 in December to 103.0 in May.1 From 1 January to 27 February 2026, the day before the strikes began, it averaged 68.1.

US and Israeli strikes on Iran began on 28 February, and on 2 March the Islamic Revolutionary Guard Corps announced that the strait was closed.4 PortWatch recorded 57 transits on 28 February and 20 on 1 March. In the week from 2 to 8 March the daily average was 2.6.1

Exhibit 01
Daily transits through Hormuz, averaged by week, January 2025 to October 2026
Source: IMF PortWatch daily transit calls, all vessel types, retrieved 8 October 2026.1 Each point is the mean of seven consecutive days, with blocks counted back from the latest available day (4 October 2026). The dashed line marks the 2025 daily average.

Since 1 March PortWatch has recorded 1,404 transits in 218 days, an average of 6.4 a day. At the 2025 rate, the same period would have seen about 18,650. On 13 of those days it recorded none at all.1

September 2026 averaged 3.6 transits a day, 96% below the 2025 average of 85.5. Measured against the lower pre-war level of 1 January to 27 February 2026, the fall is 95%.
Month by month

Every month since March has averaged fewer than 13 ships a day

March averaged 3.2 transits a day. Al Jazeera reported that a ceasefire in April, accompanied by a US naval blockade of Iranian ports, left traffic at about five vessels a day, which matches the PortWatch series: April averaged 7.1 and May 3.9.41

Exhibit 02
Average daily transits by month in 2026, against the 2025 average
Source: IMF PortWatch.1 Calendar-month means of daily transit calls. October 2026 is excluded because only four days of data were available at retrieval. The dashed line is the 2025 daily average of 85.5.

The two higher months, June and July, reflect a single interruption to the closure rather than a recovery that has held.

The one window

An interim deal lifted traffic to about a quarter of normal, for 27 days

Reuters reported that the US and Iran signed an interim agreement on 17 June and that the US lifted its blockade of Iranian ports the following day.5 Under Iran's terms, ships needed a passage permit from a new Iranian strait authority and had to coordinate with the Revolutionary Guards navy, according to the same report.5

Between 17 June and 13 July PortWatch recorded an average of 20.4 transits a day, peaking at 51 on 24 June, the highest daily count since the closure began.1 Al Jazeera reported that the US resumed its blockade on 14 July and that traffic fell back to about five a day.4 From 14 July to 4 October the PortWatch average was 4.3.

Exhibit 03
The five phases of 2026, with the average daily transits recorded in each
Source: transit averages from IMF PortWatch;1 phase dates from Al Jazeera and Reuters reporting.45 Bar length is the duration of each phase; colour groups the phases and each label carries the figure. The final phase runs to the latest available day, 4 October 2026.
Which ships

Recorded tanker crossings have fallen furthest

PortWatch splits its counts by vessel type. In 2025 tankers made up 56% of recorded transits, an average of 48.2 a day. In September 2026 the strait recorded 1.1 tanker transits a day, a fall of 98%. Other vessel types, including container ships and bulk carriers, fell from 37.4 a day to 2.5, a drop of 93%.1

Tankers accounted for 31% of the transits recorded in September and 40% of all those recorded since 1 March. That sits awkwardly with reporting that most of the ships still crossing are tankers.4 One reading, which the data cannot confirm, is that a larger share of tanker traffic than of other traffic is crossing with transponders switched off and so is missing from the count.

The choice of baseline matters less than it might. Traffic in 2025 was itself uneven, so the piece uses the full-year average rather than a single month. Comparing September 2026 with September 2025, when 87.9 ships a day crossed, gives a fall of 96%; comparing it with the weeks just before the strikes gives 95%.1

Why it matters

A fifth of the world's oil normally passes this way

The US Energy Information Administration estimates that about 20 million barrels of oil a day moved through the strait in 2024, equal to roughly a fifth of global petroleum liquids consumption, along with around a fifth of global trade in liquefied natural gas.3 It found that 84% of the crude oil and condensate passing through went to Asian markets.3

Transit counts measure ships, not cargo, so the PortWatch series does not show how much oil or gas is still moving. Al Jazeera reported that most of the remaining transits are tankers under naval escort or sailing with tracking switched off, and that oil prices peaked above $130 a barrel in April.4

What we don't know

How many ships are crossing unseen. PortWatch is built from automatic identification system signals,2 so a vessel with its transponder off is not counted. Reporting that many remaining transits run dark means the true number is likely higher than recorded, by an amount no public source has measured. Trackers also count differently: Reuters cited AXS Marine counting 25 crossings on 18 June, when PortWatch recorded 20, and a pre-conflict norm of about 120 a day against PortWatch's 2025 average of 85.5.5 We could not establish why 2025 traffic itself fell to 55.5 a day in December. PortWatch updates weekly and we have not tested whether recent days are later revised.1

By the numbers
85.5
Average daily transits, 2025
68.1
Average daily transits, 1 Jan–27 Feb 2026
20.4
Average during the interim-deal window, 17 Jun–13 Jul
13
Days since 1 March with no transit recorded
Caveat. The strongest objection to the headline is that it measures what satellites record, not what sails. If escorted tankers and Iran-linked ships are crossing with transponders off, the 96% fall overstates the drop in actual traffic. The direction is not in doubt: every tracker cited here shows a collapse. The size is less certain than a single figure implies, and the choice of baseline matters at the margin, giving 95% against the pre-war 2026 level.
Method. Daily transit calls for the Strait of Hormuz (PortWatch chokepoint 6, all vessel types) were retrieved from the IMF PortWatch daily chokepoint dataset on 8 October 2026 in date-range batches: 642 consecutive days from 1 January 2025 to 4 October 2026, checked in code for gaps and duplicates (none). All averages are computed in code from the daily rows. The 2025 baseline is the mean of all 365 days of 2025 (85.53); the headline fall is 1 − 3.63/85.53 for September 2026. Weekly points are non-overlapping seven-day means counted back from 4 October 2026. Phase boundaries come from press reporting of the strikes (28 February), the closure announcement (2 March), the interim agreement (17 June) and the renewed blockade (14 July); 28 February and 1 March are shown as their own phase. Transit counts reflect ships detected by satellite tracking and do not measure cargo volume. No figure here is projected.
Sources. Numbered, highest tier first; each inline citation points here.
  1. T1International Monetary Fund, PortWatch — Daily Chokepoints Data (Strait of Hormuz), and Data & Methodology page. portwatch.imf.org. Retrieved 8 Oct 2026.
  2. T1Cerdeiro, Komaromi, Liu and Saeed, “World Seaborne Trade in Real Time: A Proof of Concept for Building AIS-based Nowcasts from Scratch”, IMF Working Paper 20/57, May 2020. imf.org. Retrieved 8 Oct 2026.
  3. T1US Energy Information Administration, “Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint”, Today in Energy, 16 Jun 2025. eia.gov. Retrieved 8 Oct 2026.
  4. T3Al Jazeera, “How a 95 percent drop in Hormuz traffic changed global shipping”, 27 Aug 2026. aljazeera.com. Retrieved 8 Oct 2026.
  5. T3Reuters, “Oil shipments rise in Hormuz although questions grow over Iran’s transit terms”, 19 Jun 2026, as republished by gCaptain. gcaptain.com. Retrieved 8 Oct 2026.
Corrections. v1.1 (20 Oct 2026): on phone screens the dashed reference line in Exhibit 2 ran through the chart’s value labels; the labels now sit on top of it. No figures changed.
Figures to 8 Oct 2026. Noodle News · v1.1 · hormuz-shipping-transits.