Maritime traffic through the Strait of Hormuz began recovering following a U.S.-Iran agreement aimed at preserving the ceasefire and restoring navigation through one of the world’s most critical energy chokepoints.
Kpler data logged 25 verified crossings through the Strait on June 18, the highest since April, split evenly in both directions.
No physical attacks have been reported since May 10.
On Wednesday, the United States and Iran signed an interim memorandum of understanding electronically that lifts the US blockade and reopens the Strait of Hormuz, with a waiver for Iranian oil and petrochemical exports that could release more than 50 million barrels of crude sitting on the water.
Goldman Sachs Sees Hormuz Flows Recovering By July
