Record Increase in Ship Traffic in the Strait of Hormuz

753

Amid ongoing talks between the U.S. and Iran, the movement of commercial vessels through the Strait of Hormuz has increased by approximately 54 percent over the past week compared to the previous one.

According to sea-news.az the Strait, where ship traffic had almost ceased following the start of the conflict in the Middle East on February 28, is showing signs of recovery against the backdrop of a U.S.-Iran agreement. However, total transits through the Strait remain approximately 70 percent below pre-war levels (which averaged 130 ships per day).

Based on statistical data from the analytics company “Kpler,” here is the traffic dynamic in the Strait over the last two weeks. A total of 223 ships passed through (an average of 32 per day). The lowest figure was recorded on June 15 (18 ships), and the highest was on June 20 (50 ships).The number of ships passing through rose to 343 (an average of 49 per day). While the lowest traffic was recorded on June 28 (24 ships), June 24 saw the highest daily figure since February 28, with 76 transits. At least 40 ships carrying 6 million barrels of crude oil have passed through the Strait.

Experts state that due to uncertainty in the negotiations, traders remain cautious about this route. In the past period, the commercial vessels passing through the Strait have primarily been tankers carrying crude oil from Iran, Saudi Arabia, the UAE, Iraq, and Kuwait. It is also noted that the majority of these vessels are part of “shadow fleets” or ships subject to sanctions, which utilize routes within Iranian waters.