{"ok":true,"observed_at":"2026-04-25T08:00:12.181Z","fleet_degraded":false,"count":5,"conflict_source_note":"Conflict tier is a curated static baseline maintained by the desk; it is not a real-time conflict feed.","rigor_status":"queued — directional read, not validated alpha. No rigor harness has been run yet.","items":[{"chokepointId":"bab-el-mandeb","chokepointName":"Bab-el-Mandeb","region":"Red Sea / Gulf of Aden","trafficSharePct":12,"cargoTypes":["containers","crude oil","LNG"],"exposedTickers":["ZIM","MAERSK.CO","CMRE","FRO","STNG","XLE"],"stressScore":86,"weatherScore":28,"conflictTier":"high","conflictScore":85,"conflictNote":"Houthi anti-ship missile + drone targeting since late 2023 has rerouted majors around the Cape of Good Hope.","weatherInputs":{"waveHeightM":1.22,"windSpeedKt":19.9,"windWaveHeightM":1.02,"swellWaveHeightM":0.66},"observedAt":"2026-04-25T08:00:12.181Z","degraded":false},{"chokepointId":"bosphorus","chokepointName":"Bosphorus","region":"Türkiye","trafficSharePct":3,"cargoTypes":["crude oil","grains","fertilizer"],"exposedTickers":["WEAT","CORN","MOS","CF","XLE"],"stressScore":55,"weatherScore":2,"conflictTier":"elevated","conflictScore":55,"conflictNote":"Russia/Ukraine grain corridor sits downstream; insurance terms still reflect war-zone classification.","weatherInputs":{"waveHeightM":0.08,"windSpeedKt":0.8,"windWaveHeightM":0,"swellWaveHeightM":0.06},"observedAt":"2026-04-25T08:00:12.181Z","degraded":false},{"chokepointId":"lombok","chokepointName":"Lombok Strait","region":"Indonesia","trafficSharePct":2,"cargoTypes":["VLCCs","bulk carriers","LNG"],"exposedTickers":["FRO","STNG","BTU"],"stressScore":28,"weatherScore":28,"conflictTier":"low","conflictScore":5,"conflictNote":"Deep-draft alternative to Malacca; weather and current dominate risk.","weatherInputs":{"waveHeightM":1.8,"windSpeedKt":5,"windWaveHeightM":0,"swellWaveHeightM":1.66},"observedAt":"2026-04-25T08:00:12.181Z","degraded":false},{"chokepointId":"malacca","chokepointName":"Strait of Malacca","region":"Indonesia / Malaysia / Singapore","trafficSharePct":25,"cargoTypes":["containers","crude oil","LNG"],"exposedTickers":["ZIM","MATX","TSM","NVDA","AAPL"],"stressScore":26,"weatherScore":7,"conflictTier":"watch","conflictScore":25,"conflictNote":"Stable but heavily congested; piracy incidents tracked, no organized state-actor disruption.","weatherInputs":{"waveHeightM":0.14,"windSpeedKt":8.3,"windWaveHeightM":0.02,"swellWaveHeightM":0.12},"observedAt":"2026-04-25T08:00:12.181Z","degraded":false},{"chokepointId":"panama","chokepointName":"Panama Canal","region":"Panama","trafficSharePct":5,"cargoTypes":["containers","LNG","grains","autos"],"exposedTickers":["ZIM","MATX","WEAT","CORN","F","GM"],"stressScore":6,"weatherScore":4,"conflictTier":"low","conflictScore":5,"conflictNote":"No state-actor risk; primary disruption vector is hydrological — Gatun Lake drought caps daily transits.","weatherInputs":{"waveHeightM":0.22,"windSpeedKt":1.1,"windWaveHeightM":0,"swellWaveHeightM":0.18},"observedAt":"2026-04-25T08:00:12.181Z","degraded":false}]}