PDB — 2026-08-31 0012

The US strike on Iranian mine-laying infrastructure on Larak Island and Tehran's retaliatory missile salvo at a US base in Jordan ended the informal Gulf ceasefire that held since late July. Strait of Hormuz transits will likely fall below 100 per week in at least one of the next three Lloyd's List reporting periods, down from 114 last week but still 42 percent below pre-war traffic. Moderate…