Key Developments in the Strait of Hormuz
More than 170 vessels have moved through the Strait of Hormuz since the United States and Iran reached a deal aimed at ending recent conflict tensions. Maritime data from Kpler shows that 42 ships passed through on Saturday alone.
Despite this recovery in movement, activity is still lower than normal. Before the conflict, the strait handled around 138 crossings daily, a level not yet restored.
Ships Still Waiting in the Gulf
Tracking data shows over 200 tankers are currently waiting inside the Gulf region. At least 10 vessels have recently moved westward into the Gulf area.
Overall, more than 250 tankers and about 440 cargo ships remain inside the Gulf. Most are either anchored or not moving, while roughly one in six appears to be carrying cargo.
Iranian Oil Exports and Sanctions Changes
A noticeable number of ships moving through the strait are linked to Iran. Reports indicate that around 30 tankers have left the Gulf carrying Iranian oil and petrochemical products since the agreement.
US sanctions have also been eased temporarily. A new license allows the sale of Iranian crude oil, petrochemicals, and related products until 21 August. This policy shift has increased shipping activity tied to Iran.
Oil Prices React to Supply Expectations
Brent crude prices have dropped to their lowest level since the conflict began. Traders are reacting to expectations of higher supply as more oil shipments return to global routes.
Mixed Shipping Patterns in the Region
Not all activity is linked to Iranian exports. Analysts note that normal commercial shipping has also increased.
On Monday, five tankers previously under US sanctions crossed the strait carrying up to four million barrels of oil. In addition, several liquefied natural gas vessels moved toward Qatar’s Ras Laffan port.
Route Choices Through the Strait
Most vessels are using the northern route through Iranian waters. This path contrasts with the southern route near Oman, which has been recommended by US authorities during periods of tension.
