Gasoline arbitrages on the major routes remain open, but diesel arbitrages from the US Gulf to Europe have closed.
The Strait of Hormuz is as open as it has been since the war started on 28 February, but activity remains remains well below pre-war levels and there is a lot of secrecy surrounding what little is happening.
Nevertheless, theoretically, AG-loading arbis are open for diesel/gasoil and jet, but remains sharply closed for naphtha exports to Japan.