3 Days Into the Ceasefire, 12 Ships Crossed Hormuz
The US-Iran ceasefire is three days old. Kpler's vessel tracker counted 5 ships through the Strait of Hormuz on April 8 and 7 more on April 9, while over 600 vessels and 325 tankers remain stranded in the Gulf. Five days before the truce, the US Development Finance Corporation and Chubb doubled their maritime reinsurance facility to $40 billion. It is not moving ships, because Iran is running a parallel toll booth in crypto and yuan that no insurance contract can dissolve.