- WIADOMOŚCI
Traffic through the Strait of Hormuz has been resumed
Two vessels have already passed through the Strait of Hormuz since the ceasefire in the Middle East was established. The reopening of the strait was one of the conditions of the truce between the warring parties.
The information about the transiting vessels was published by MarineTraffic, a service that tracks maritime movements. “Initial movements are now being recorded. The Greek-owned bulk carrier NJ Earth crossed the Strait at 08:44 UTC, while the Liberia-flagged Daytona Beach transited earlier at 06:59 UTC, shortly after departing Bandar Abbas at 05:28 UTC.”
These are the first recorded transits through the strait following the ceasefire between Iran and the United States. Previously, many vessels had refrained from transit due to the uncertain situation in the region. Iran had allowed only selected ships to use the strait. According to data from MarineTraffic and Kpler, “a total of 220 vessels transited the Strait of Hormuz during March across the dry bulk, liquids, LPG and LNG segments.” These figures cover most of the period of the Middle Eastern conflict, which began on February 28.
The ceasefire in the Middle East is expected to last at least two weeks. During this time, all parties to the conflict and their allies are required to cease hostilities. If the agreement is upheld and transit through the Strait of Hormuz continues, a decline in oil prices and, consequently, stabilisation in fuel markets can be expected.
