Commercial shipping through the Strait of Hormuz has dropped to near-zero levels following the collapse of high-stakes U.S.-Iran negotiations in Islamabad, Pakistan. The failure of the 21-hour talks, primarily over Iran’s nuclear program, sanctions, and control of the strategic waterway, has triggered immediate repercussions across global trade routes. Video footage circulating online shows vast stretches of open water with only a handful of distant vessels, underscoring the dramatic slowdown. The situation marks a sharp escalation in tensions affecting one of the world’s most critical maritime corridors.