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IMF Portwatch will likely report fewer than 50 Hormuz transits for July 20-26 because conflict-driven suppression has collapsed daily crossings to a trickle.
Shipping through Hormuz has collapsed under sustained US-Iran hostilities. IMF and maritime trackers show daily crossings in the low single digits to low teens through late July, with reports of just three ships on July 21. With only two days left in the window and no sign of de-escalation, a rebound to an average of seven or more per day is implausible. The IMF sum for July 20-26 should therefore fall below 50. The main risk to this view is a data revision or late capture of dark transits that raises the published total, but no such correction has been signaled.
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