Iran allowing more ships through Strait of Hormuz, data show
Data indicates Iran is allowing a growing number of commercial ships to transit the Strait of Hormuz, a critical waterway for global oil supplies. Maritime intelligence companies Windward and MarineTraffic have recorded a recent increase in transits, nearly doubling the numbers seen in previous days. This follows a significant drop in traffic, exceeding 95%, since the start of the conflict involving the United States, Israel, and Iran. The increased transits appear to be permission-based, primarily benefiting vessels from countries like China and India. The disruption in traffic had previously caused a surge in oil prices, rising more than 40% to above $100 per barrel.