Stockdrifts

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A daily SAR-derived chokepoint transit count with a rebased traffic index: vessels detected per day at Hormuz, Suez, Malacca and Bab el-Mandeb from Sentinel-1 synthetic-aperture-radar detections (Global Fishing Watch), counted independently of AIS and therefore immune to the transponder switching-off that corrupts AIS-only series in conflict waters, normalised to an index where 100 = the pre-war baseline. Woven around it is a hand-curated, dated war-risk premium and incident timeline — each broker reprint, rate-on-line print and vessel strike recorded with its source and date (e.g. Hormuz ~8.35% standard / 11.5% top-of-market, ~$10.0M per VLCC transit held at its 8 Sep quote date; Yanbu ~3%, Jizan ~7%, Bab el-Mandeb ~3% reprint on 18 Sep).