GENEVA — Diplomatic officials praised the resilience of a two-week-old ceasefire on Thursday, noting that rival naval forces have successfully transitioned from actively bombing each other to peacefully maintaining competing blockades around 600 trapped commercial vessels.

Under the terms of the de-escalation, both nations have agreed to stop launching airstrikes and instead focus entirely on a synchronized maritime embargo that has choked the Strait of Hormuz down from its usual 140 daily transits to just five. Military spokespersons from both sides confirmed that the complete strangulation of global maritime trade was being conducted with the utmost diplomatic courtesy.

"Our naval blockade is a cornerstone of this newfound peace," said a Western coalition commander, explaining that the operation is entirely impartial. "We are enforcing the ceasefire by ensuring that none of the 325 stranded oil tankers currently idling in the Gulf can move an inch without being intercepted by special forces."

Meanwhile, regional officials confirmed their own unwavering commitment to the truce, promising to aggressively maintain the peace by placing magnetic mines in the path of any merchant ship that attempts to transport $120-a-barrel oil out of the region.