WRAPUP 4-Traffic Flows Through Hormuz as U.S.-Iran Deal Takes Effect, Questions Remain
Oil traffic is returning, but analysts say LNG carriers face the highest insurance risk and the slowest recovery.
- On Thursday, June 18, 2026, the LNG tanker The Mraikh transited Hormuz, marking a resumption of maritime traffic after the US-Iran interim peace deal took effect.
- The US and Iran recently signed a framework agreement ending their conflict, which had brought shipping through Hormuz to a virtual standstill since February 28, 2026.
- Following the Indian tanker Disha's transit on Sunday, June 14, 2026, approved by the International Maritime Organisation, The Mraikh's passage marks broader vessel movement through the Strait.
- Shipping analysis manager at Bimco, Filipe Gouveia, expects a rebound in cargo shipments as fertiliser exports have fallen 11 per cent year-on-year since the conflict started.
- Goldman Sachs analyst Yulia Zhestkova Grigsby predicts Hormuz flows will recover to about 70 per cent of pre-war levels, as producers maintain alternative routes through Fujairah, Yanbu, and Ceyhan.
15 Articles
15 Articles
US gives blunt warning to Israel as ships begin moving through Strait of Hormuz
The US has lifted its blockade of Iran, and oil tankers began freely moving through the Strait of Hormuz after months of being unable to use the critical channel, as the tentative agreement to end the war took effect.
Vice President JD Vance said Thursday that the U.S. Navy has allowed the passage of more than a dozen ships to Iranian ports, lifting a blockade as part of an agreement to end the war.Vance made the announcement Thursday at a press conference in the White House, where he pointed out that more oil is now flowing through the Strait of Ormuz.The Republican vice president indicated that more than 12.5 million barrels passed through the navigation ch…
The first oil tankers crossed the Strait of Bermuda on Thursday after the entry into force of the protocol signed by the United States and Iran for the cessation of the war that disrupted global energy supply. While the agreement already had visible effects on maritime traffic and oil prices, the new Israeli attacks in Lebanon raise questions about the chances of sustainable stabilization in the Middle East.
Strait of Hormuz reopens after US-Iran peace deal: Oil flows resume, what it means for crude prices
While the resumption of tanker traffic is likely to ease pressure on energy prices, shipping and insurance industries are waiting for greater security guarantees before declaring the crisis over.
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