Recovery of ship traffic in Hormuz limited, but signs emerge

AI Summary

Maritime traffic in the Strait of Hormuz remains at pre-agreement levels following the U.S.-Iran understanding but shows signs of recovery ahead of the reopening. Transit data from Kpler indicates continued shipments of raw materials through this strategic chokepoint.

Maritime traffic in the Strait of Hormuz remains at levels before the Iran-US agreement, says the Kpler maritime tracking platform, but there are signs of recovery ahead of Friday's official reopening. Eight ships carrying raw materials transited the strait on Monday, and six on Tuesday, according to Kpler data updated Wednesday. The agreement was reached overnight Sunday. This rate is comparable to the previous week, which saw an average of eight transits per day.