Hormuz Strait Reopens, but Full Recovery of Shipping Operations Uncertain

Following Iran's decision to reopen the Strait of Hormuz after a preliminary agreement with the US, oil prices have begun to fall. However, despite the announcement, shipping traffic through the vital waterway has not yet returned to normal. Maritime organizations and insurers remain cautious, monitoring the situation closely to ensure the stability of the passage and a comprehensive ceasefire. Before the closure, the strait saw daily traffic of 120-140 ships, including oil tankers carrying approximately 20 million barrels of oil. Only a handful of ships have transited since the agreement.

The reopening of the Hormuz Strait is critical for global energy markets, and its full operational recovery is essential for stabilizing oil prices and international trade.