Hormuz Is a Permission Market Under Fire
Since early August, Iran has launched roughly thirty drone and ten missile attacks weekly on Hormuz shipping, The New York Times reported from Western official data, with at least four ships hit in ten days. Washington claims an ironclad export blockade; Tehran is legislating transit fees. Dueling transit counts keep oil on a permission premium.
he Strait of Hormuz is not a switch labeled open or closed. It is a permission market operating under fire: cargoes move when a flag, a navy, an insurer, and a political exception align long enough for one voyage. That is the durable frame. What changed in the first days of October is the tempo—and the evidence that both Washington and Tehran are trying to write the rules of passage into coercion, not diplomacy alone. The attack cadence the headlines undercount The New York Times, citing confidential data from a Western security official, put the pace at roughly thirty drone and ten anti-ship missile attacks per week since early August, with at least four commercial ships hit in the preceding ten days as of October 2. UKMTO tallies cited in the same reporting recorded…
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