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● LIVE Updated 30d ago · 15 sources tracked

Oil tankers pass through the Strait of Hormuz despite Iran threats as traffic slowly picks up and oil prices fall

Shipping traffic in the Strait of Hormuz is recovering following an interim peace deal between the U.S. and Iran. Global oil prices are falling as more supply reaches the market. Vessels are navigating around mines by using northern Iranian or southern Omani routes.

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What changed

Tanker traffic has reached its highest level since the conflict began.

Live updates

  1. Oil Tanker Traffic Increases in Strait of Hormuz as Crude Prices Drop

    Shipping traffic in the Strait of Hormuz is recovering following an interim peace deal between the U.S. and Iran. Global oil prices are falling as more supply reaches the market. Vessels are navigating around mines by using northern Iranian or southern Omani routes.

    What's confirmed:

    • Shipping traffic in the Strait of Hormuz is recovering after the U.S. and Iran signed an interim peace deal.
    • Global crude oil prices are declining as more supply hits the market.
    • Oil tankers are passing through the Strait of Hormuz despite threats from Iran.
    • Ships are using northern routes in Iranian waters or southern paths in Omani waters to avoid mines in the central route.

    Still unconfirmed:

    • Around $125 Billion of vessels and cargo remain stranded in the Persian Gulf according to Allianz.
    • A critical evacuation plan may slow down traffic after being put on hold.
    • The U.N. is implementing a plan to evacuate stranded ships and sailors from the Persian Gulf.
    confidence 90%