Hormuz Oil Shipments Rise Despite Lingering Uncertainty

Oil shipments through the Strait of Hormuz have begun to resume following a ceasefire between the United States and Iran. Gulf countries are preparing to increase exports, although shippers are growing concerned over new conditions Tehran has announced for use of the strategic waterway.

On Friday, several tankers carrying oil, petroleum products and liquefied natural gas passed through the strait. Ships have also resumed transmitting their locations, having often concealed them during the conflict by turning off their identification systems. The number of commercial voyages has increased significantly but still lags behind pre-war levels.

Despite the resumption of traffic, the situation remains uncertain. The US Joint Maritime Information Center has warned of the risk of mines and recommended that vessels avoid certain routes. Iran has also signaled tighter controls over shipping. According to a document obtained by Reuters, vessels would need special permission to pass through the strait and could face new insurance fees.

The shipping industry opposes the introduction of transit fees through the Strait of Hormuz, arguing that it is an international waterway. The situation is further complicated by uncertainty surrounding future negotiations between Washington and Tehran on a broader peace agreement.

(Reuters, bak)