Oil posted its sharpest drop in two weeks after Pakistan sought a last-minute extension of the US deadline for Iran to reopen the Strait of Hormuz. The move signaled that traders were beginning to price in a possible pause in escalation, easing some of the extreme risk premium that had built into crude as markets braced for a deeper disruption to Gulf energy flows.For TankerMap readers, the shift matters because changes in diplomatic momentum can alter shipping behavior almost as quickly as physical events at sea. TankerMap tracks 4,105 vessels globally, including 3,201 crude tankers and 904 LNG carriers, across 155 ports. If ceasefire talks gain traction and Hormuz risk perceptions soften, tanker routing, waiting patterns and freight sentiment could adjust rapidly across crude and LNG trades linked to the Gulf.