The fragile calm in the region has failed to spark a significant increase in shipping activity through the vital Strait of Hormuz, as only a limited number of vessels have managed to navigate the waterway since Washington and Tehran agreed to a two-week truce. According to data from Kpler, a market intelligence firm, just five vessels crossed the strait on Wednesday, a decline from the 11 that had passed through the day before. On Thursday, seven vessels made the journey, Kpler reported. Meanwhile, Lloyd’s List Intelligence estimates that more than 600 vessels, including 325 tankers, remain anchored in the Gulf due to the ongoing blockade of the strait.
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