Lates News

According to Bloomberg, the traffic in the Strait of Hormuz has risen to its highest level since the early stages of the Middle East war outbreak, as more countries have reached secure passage agreements with Iran. Over the weekend, a total of 21 ships passed through the waterway, marking the highest two-day total since the decrease in traffic began in early March. Although the current number of vessels passing through is still far below pre-war levels (approximately 135 ships), more countries have been granted passage permits. A senior crude oil analyst at Singapore's Kpler stated, "Iran is not only responding to requests from its partner countries but also strengthening its control over the Strait of Hormuz. Passage still depends on Iran's willingness, and the situation could change at any time if conflicts escalate." As of now, most of the ships granted passage seem to be following routes close to the Iranian coast as instructed by Tehran. However, more ships are also starting to opt for routes along the opposite shore. (Bloomberg)