Map of Oil Tankers Waiting for Passage Through the Straits of Hormuz

After a recent announcements that US destroyers would safeguard ships passing through the Straits of Hormuz (combined with news that US would insure ships in the Straits) the next question is, has anybody taken the US up on that offer? Is the 20 million BPD that normally transits the Straits flowing again?

**These are vessels waiting to enter the Persian Gulf via the Straits of Hormuz:**

[https://imgur.com/a/xxGDOUL](https://imgur.com/a/xxGDOUL)

**These are vessels waiting to leave the Persian Gulf via the Straits of Hormuz:**

[https://imgur.com/a/dCRgrRu](https://imgur.com/a/dCRgrRu)

**These are vessels currently reporting in the Straits of Hormuz:**

[https://imgur.com/a/9uQp1ng](https://imgur.com/a/9uQp1ng)

The answer is no, nothing is moving. As of 45 minutes ago all traffic through the Straits is at a standstill. Keeping this news in mind, and the logistic challenge of escorting and insuring ships, it seems highly unlikely that oil traffic will resume.

Combined with the ongoing conflict, it seems highly likely that oil prices will continue to rise. Unless the Iranian regime allows traffic to pass through the straits oil will not flow, and the odds that oil will hit $90-$100 a barrel is increasingly likely.

**Position Disclosure and Credentials:** I am a retail trader and not in any way a financial advisor. I am not affiliated with the oil industry. I currently own open Calls in XOM, COP, and CVX