Hormuz Ship Transits Quadruple as Trump Plan Works

Ship transits through the Strait of Hormuz quadrupled as Trump’s plan to reopen the waterway gains traction, according to maritime data. The report links the rise to the 60-day U.S.-Iran ceasefire, which has increased commercial shipping activity and reduced fears of major oil supply disruptions, pushing crude prices lower. Based on seven-day moving averages cited by Signal, traceable daily voyages into and out of the Gulf rose from one or two ships during most of the conflict to eight vessels by July 1, while estimates suggest “dark voyages” with transponders off could be far higher. One study estimated up to 40 ships per day transited the Strait recently. The article says prewar traffic was about 135 vessels daily, and that Brent crude is near prewar levels for the first time since fighting began. Lloyd’s List Intelligence reports total weekly vessel movements of 258 transits in the week ending June 28, versus 41 in the crisis’s opening week in March. It also notes improved operations for Hapag-Lloyd and Maersk and cites Iranian negotiator Mohammad Bagher Ghalibaf saying Tehran exported about 40 million barrels after the U.S. lifted a naval blockade.