The Ceasefire Collapses: 80+ Strikes, a Revoked Oil Waiver, and a 1.95-Million-Barrel U-Turn in International Shipping News 13/07/2026 The Strait of Hormuz is once again operating under full conflict conditions. Overnight into July 8, U.S. Central Command struck more than 80 targets inside Iran in direct response to Iranian attacks on three commercial vessels transiting the Strait. Iran retaliated against U.S. military sites in Bahrain and Kuwait, President Trump declared the ceasefire over, and the U.S. Treasury revoked the general license that had authorized Iranian oil sales under the now-defunct interim agreement. The commercial response was immediate and sharp. Four vessels rerouted from the southern corridor to the central corridor within hours of the escalation, and an India-flagged crude tanker carrying approximately 1.95 million barrels of Kuwaiti crude bound for Singapore made a full U-turn. By the July 8 to 9 overnight window, transit volume had contracted to just five crossings, with a single outbound bulk carrier and zero outbound tanker cargo, the sharpest single-window contraction of the reopening period. Iranian crude exports have not stopped. Current export pace is assessed at approximately 1.5 million barrels per day, moving almost entirely to China via flag hopping shadow fleet tankers. Kharg Island held full terminal utilization through both strike nights, and an Iran-flagged NITC-operated OFAC-sanctioned VLCC was confirmed loading dark on July 8. What has changed is the legal cover. Approximately 63 million barrels of Iranian crude are now at sea with the U.S. waiver stripped, demand outside China near zero, and any operator, insurer, or intermediary facilitating these flows now fully exposed to secondary sanctions. The partial normalization that had been built since mid-June has effectively collapsed. Ceasefire declared over, sanctions reimposed, kinetic exchanges active on both sides, and outbound commercial traffic through the Strait now at l