Traffic through the Strait of Hormuz is at a near standstill following a significant escalation in the US-Iran conflict. Recent Iranian strikes have targeted several tankers, leading to a steep decline in shipping activity. Analysts note that the world has adapted to these disruptions, but the risks remain high, including potential LNG tanker explosions. Qatar has paused its efforts to ramp up LNG production following these incidents, and the International Maritime Organization has urged caution, advising ships to avoid the region as tensions continue to rise. The situation has led to severe disruptions in global energy supply, with oil tanker traffic dropping sharply as maritime security concerns escalate.