The Hormuz Risk Audit opens with its first finding: shipowners are displaying a stubborn willingness to keep transiting the strait even after the ceasefire collapsed. This is less bold strategy and more a collective decision to treat geopolitical tension like bad weather that only affects other people.
Finding two reveals the split in the data. Some fleets have paused while others treat the route as business as usual. The logic appears to be that if a few vessels make it through, the math still works until it doesn't.
The final audit verdict is simple. When the president announces the deal is over and the response is to keep scheduling voyages, the report grades the entire approach as high-risk optimism with no supporting evidence.
