Strait of Hormuz Shipping Rebounds as Iran Oil Exports Resume Amid Ongoing U.S.-Iran Talks

With the central route of the Strait of Hormuz laden with mines, ships are taking the northern route in Iranian waters or the southern path in Omani waters. Both have risks.

·         Shipping activity through the Strait of Hormuz has increased significantly since the United States lifted its naval blockade on Iran.

·         The strait is a critical global energy chokepoint through which a large share of the world's crude oil exports passes.

·         The main commercial shipping lane remains heavily mined, forcing vessels to use alternative routes:

o    A southern route near Oman.

o    A northern route close to Iran's coastline.

·         Between Saturday and Monday, 109 vessels transited the strait, the highest three-day total since the conflict began in late February.

·         Despite the recovery, traffic remains well below pre-war levels of more than 130 vessels per day.

·         A backlog of approximately 500–600 ships remains stranded or delayed, according to the International Maritime Organization (IMO).

·         Tracking shipping activity remains difficult because some vessels continue to sail with their transponders switched off.

Iran's Oil Trade Revives

·         Much of the increased traffic consists of Iran-linked oil tankers exporting crude oil to Asian markets.

·         At least 12 tankers carrying Iranian crude are reportedly heading toward Asia.

·         Maritime analysts noted that Iran's oil export operations are "back in business" after months of disruption.

·         Ships linked to companies from China, Pakistan, and India have also been observed using the northern route near Iranian waters.

·         The recovery in Iranian exports is expected to accelerate after the Trump administration temporarily lifted oil sanctions on Iran.

·         Reduced sanctions could allow Iran to sell oil more freely and potentially at better prices than during the sanctions period.

Two Shipping Corridors Emerging

·         A de facto two-route system is developing:

o    The northern route through Iranian-controlled waters.

o    The southern route protected by the U.S. Navy near Oman.

·         The southern route appears to be attracting increasing traffic under U.S. naval protection.

·         U.S. forces have stated that they remain committed to ensuring freedom of navigation in the region.

·         Several shipping companies have chosen the southern route despite Iran's directive that vessels should transit through Iranian waters.

Impact on Oil Markets

·         Improved shipping access has allowed more crude oil to leave the Persian Gulf.

·         Oil inventories trapped in the Gulf have fallen from more than 150 million barrels to about 103 million barrels within a week.

·         Increased oil flows have contributed to downward pressure on global oil prices.

Risks Remain High

·         Analysts caution that the recovery remains fragile and dependent on continued restraint by Iran.

·         Any attack on commercial vessels could quickly cause shipping traffic to collapse again.

·         The Joint Maritime Information Center has lowered the threat level for shipping in the strait from severe to moderate following the cease-fire and negotiations.

·         However, navigational risks persist due to:

o    Remaining sea mines.

o    GPS signal interference.

o    Ongoing military activity in the region.

Seafarer Evacuation Efforts

·         The IMO announced plans to evacuate approximately 11,000 stranded seafarers from the Persian Gulf.

·         Many crew members have been trapped in the region for more than three months due to security concerns.

·         The evacuation will involve cooperation among Iran, Oman, the United States, regional governments, and shipping companies.

Shipping Companies Remain Cautious

·         Several shipping operators continue to delay vessel movements because of uncertainty regarding:

o    Safe transit routes.

o    Mine risks.

o    Conflicting statements from Iran and the United States regarding the strait's status.

·         Some major shipping companies are waiting for further security assessments before resuming normal operations.

Potential Transit Fee Dispute

·         Iran and Oman indicated they are discussing possible transit fees for ships passing through their territorial waters in the Strait of Hormuz.

·         Both countries emphasized their sovereign rights over waters within the strait.

·         Shipping executives have warned that imposing transit fees could:

o    Increase transportation costs.

o    Disrupt global trade.

o    Challenge the principle of free navigation through international waterways.

Key Takeaway

The reopening of the Strait of Hormuz has led to a gradual recovery in shipping and Iranian oil exports, helping ease pressure on global energy markets. However, traffic remains far below normal levels, significant security risks persist, and future uncertainty surrounding U.S.-Iran negotiations and possible transit fees could continue to affect global trade and oil supplies.

 

[ABS News Service/24.06.2026]

Since the United States lifted its naval blockade on Iran last week, the Strait of Hormuz, a critical shipping route for crude oil, has seen a notable increase in the movement of ships, many of them carrying Iranian oil. That’s even as U.S. and Iranian officials try to close major gaps in their negotiations.

The strait’s central route, long used by commercial ships, is laden with mines, forcing companies to take one of two alternative paths: the southern route close to the Omani coast or the northern route close to the Iranian shoreline.

From Saturday through Monday, 109 vessels passed through the strait, the largest three-day number since the war started in late February, according to Kpler, a global maritime data firm. Traffic is a fraction of the more than 130 vessels that transited the strait every day before the start of the war. A backlog of 500 to 600 ships remained, according to the International Maritime Organization.

The overall picture of shipping conditions in the region’s waters is incomplete. Ships have transited the strait with their transponders off, making them difficult to track. This account of the current situation in the Persian Gulf is based on interviews with industry executives and analysts and an examination of ship tracking data.

Iran is “well and truly back in business.”

A major source of increased traffic came from Iran-linked ships carrying crude oil to Asia via the strait’s northern route, near Larak Island. At least 12 tankers with Iranian crude are moving toward Asia, according to an analysis by S&P Global’s Commodities at Sea, which provides data on trade flows.

“They are well and truly back in business,” Michelle Wiese Bockmann, a maritime intelligence analyst specializing in sanctioned oil flows at Windward, a maritime data company, said of Iran. Aside from Iranian vessels, ships owned by companies based in China, Pakistan and India were also observed taking the northern route, she said.

That flow of oil, and the money Iran earns from it, is likely to pick up after the Trump administration said Monday that it had temporarily lifted oil sanctions on Iran. For years, Iran has been forced to sell at a discount.

A two-track path through the strait is emerging.

It is difficult to parse the exact number of ships using the northern and southern routes. One container ship that transited on Saturday using the southern route was the MSC Qingdao, which kept its location tracker on, according to Windward, a maritime data company.

Transit along the southern route, overseen by the U.S. Navy, appears to be picking up. “U.S. forces remain present and vigilant to support freedom of navigation,” Capt. Tim Hawkins, a spokesman for the U.S. Central Command, said on Monday.

And crude is getting out, helping push down global prices. The volume of oil estimated to be held in the Persian Gulf has fallen to 103 million barrels, from more than 150 million barrels a week ago, according to S&P Global.

By using the southern route, operators were defying an Iranian directive issued late last week that traffic must go through its waters.

“A lot of the operators are not caring about what Iran says about how they have to transit the strait,” said Dimitris Ampatzidis, a risk manager at Kpler.

Still, recovery is fragile and will hold only as long as Iran does not attack any ships. “If we have the Iranian regime going after some vessels, instantly we can see the traffic will collapse again,” he said.

The International Maritime Organization, a U.N. agency, said Tuesday that it would begin an evacuation plan for the 11,000 seafarers who were stranded in the Persian Gulf via the southern route. Many of them have been there for more than three months. “This large-scale operation will be carried out in close cooperation with Iran, Oman, all other coastal states in the region, the United States and the maritime industry,” the agency said.

Traffic is far below prewar levels and danger persists.

The Joint Maritime Information Center, which monitors threat assessments on high-risk shipping routes, said on Sunday that the risk of sending ships through the strait was “moderate,” a level that had been lowered after the agreement between the United States and Iran to stop fighting and begin 60 days of talks.

“Ships should consider resuming normal navigational profiles and maintain prudent situational awareness during transit,” the center advised. But it added that continued interference with GPS signals and “wider regional military activity” warranted caution.

Some major companies remained cautious because of the murkiness over what routes to take and the process by which they should exit.

Harry Vafias, the chief executive of Stealth Gas, said his three vessels, stuck in the Persian Gulf for more than three months, were at a standstill. Too much was uncertain, he said, citing the risk of mines and conflicting messages about the status of the strait. “U.S.A. says it’s open while Iran says it’s closed,” he said.

The German shipping company Hapag-Lloyd, which had four vessels and about 90 seafarers stranded in the Persian Gulf as of Friday, will send its ships through when its security team deems the situation safe, Tim Seifert, a company spokesman, said Monday.

What happens after the two-month negotiating window ends is also unclear.

In a joint statement on Tuesday, Iran and Oman appeared to confirm that they were discussing imposing transit fees, emphasizing their “sovereign rights over their territorial waters in the Strait of Hormuz.” Shipping executives have warned how damaging a fee could be for global trade, which has largely operated on the premise that goods can move freely through international waterways.