Commercial vessel traffic through the Strait of Hormuz rose more than 50% from the previous week amid ongoing negotiations following a temporary deal between the US and Iran, Anadolu reports. Negotiations between the two countries remain fragile despite the deal reached on June 14, which took effect on June 18. Before the war broke out at the end of February, an average of 130 commercial vessels transited the Strait of Hormuz each day. Following a virtual standstill after joint US-Israeli strikes on Iran and Tehran’s subsequent retaliation, maritime traffic through the strategic waterway has begun to recover following the US-Iran deal. Despite the recent increase, traffic through the strait remains around 70% below pre-war levels. Industry representatives remain cautious about […]