霍尔木兹海峡

Shipping stalls as Tehran dictates terms in Strait of Hormuz

Fewer tankers pass through crucial waterway than during fiercest days of fighting despite US-Iran ceasefire deal

A ceasefire meant to reopen one of the world’s busiest waterways has instead left shipowners waiting on the sidelines, with fewer vessels passing the Strait of Hormuz than during the fiercest days of fighting.

Oil prices rose back to almost $100 a barrel on Thursday, with little evidence that the strait is close to reopening.

Just four ships were identified passing through the strait on Wednesday, down from 11 on Tuesday, according to ship tracking data. The fall came despite hopes that the US-Iran ceasefire deal would unblock the narrow seaway through which about a fifth of the world’s oil and gas supplies normally flow.

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