Reality vs markets — 2026-07-18

Markets are pricing calm. The strait isn’t calm. This is Landfall’s divergence read for 2026-07-18 — how the physical situation at the Strait of Hormuz compared with what markets were pricing, as of Sat, 18 Jul 2026 06:00:59 UTC.

See the live dashboard for the current read, or the methodology for how these numbers are built. Free to share with credit to landfall.bkmt.com. Not financial advice, and not a forecast — a record of what the data showed on this date.