Hormuz Strait Traffic Reaches Highest Level Since Early Middle East Conflict

Traffic through the Hormuz Strait has surged to its highest level since the onset of the Middle East conflict, as more countries secure safe passage agreements with Iran. According to BlockBeats, 21 vessels traversed the strait over the weekend, marking the highest two-day total since traffic began to decline in early March. Although the current number of ships remains significantly below pre-conflict levels of approximately 135 vessels, more nations have been granted passage rights. A senior crude oil analyst from Singapore's Kpler noted that Iran is both responding to requests from partner countries and strengthening its control over the Hormuz Strait. Passage is still contingent on Iran's willingness, and the situation could change if conflicts escalate. Currently, most vessels permitted to pass appear to follow routes dictated by Tehran, staying close to the Iranian coast. However, an increasing number of ships are opting to navigate along the opposite shore.