Key facts
- Maritime traffic in the Strait of Hormuz is recovering but remains fragile.
- Daily crossings in the Strait of Hormuz are currently between 30-60.
- The pre-war average daily crossings in the Strait of Hormuz was 125-140.
- A recent U.S.-Iran deal does not guarantee a swift return of oil and gas flows.
- Experts suggest it could take months or a year for traffic to reach previous levels.
- Oil prices are trading within a narrow range.
- Traders appear fatigued by ongoing geopolitical headlines surrounding the U.S.-Iran ceasefire.
- Countries are navigating complex energy supply chains.
- New pipeline projects, trade disputes, and shifts in energy sources are impacting global markets.
Maritime traffic through the Strait of Hormuz is in a state of recovery, though it remains a fragile situation. Daily crossings are currently observed in the range of 30-60 vessels, a notable decrease from the pre-war average of 125-140 daily crossings. A recent agreement between the United States and Iran has been made, but it does not provide assurances for a rapid resumption of oil and gas flows through the vital waterway. Experts in the field suggest that it could take a considerable amount of time, possibly several months or even up to a year, for traffic levels to return to their previous benchmarks.