BlockBeats News, April 6th, According to foreign media reports, the traffic volume in the Strait of Hormuz has risen to the highest level since the early stages of the Middle East conflict, as more countries have reached security passage agreements with Iran. A total of 21 ships passed through the waterway over the weekend, the highest two-day total since the traffic began to decline in early March. Although the current number of passing ships is still far below pre-war levels (about 135 ships), more countries have been granted passage permits.
Singapore's Kpler Senior Crude Oil Analyst said: "While Iran is responding to requests from its partner countries, it is also strengthening its control of the Strait of Hormuz. Passage still depends on Iran's willingness, and if the conflict escalates, the situation could change at any time." So far, most of the approved passing ships appear to be following the route indicated by Tehran, sailing close to the Iranian coast. However, more ships are also beginning to choose to sail along the opposite coast. (FX168)
