Commercial ship traffic through the Strait of Hormuz has recovered to more than 20 per cent of its pre-war level in the five days following a US-Iran memorandum that includes the reopening of the strategic waterway, with crude oil and petroleum product flows showing a marked increase, Anadolu reports.
Before the war started, around 130 commercial vessels passed through the strait daily. During the conflict, that figure fell to as low as one vessel on some days, while the daily average over 100 days of war stood at about 10 vessels. This pointed to a decline of up to 95pc compared to pre-war levels.
According to information compiled by Anadolu from data analytics firm Kpler and MarineTraffic, 144 vessels have passed through the Strait of Hormuz since the 14-point memorandum between the US and Iran was signed, which includes reopening the waterway.
Read more here.
