Shipping through the Strait of Hormuz has surged by 105 percent after months of disruption caused by conflict and regional tensions. According to maritime intelligence firm Kepler, a record 70 vessels passed through the strait on June 24, including 53 commercial ships now considered lower risk. The increase follows U.S.-Iran agreements, the end of a U.S. naval blockade, and the use of a safer route cleared of mines with Omani assistance.

Oman recently announced a new shipping corridor in coordination with the International Maritime Organization, but Iran’s Islamic Revolutionary Guard Corps (IRGC) objected, saying the route was declared without consultation and posed security risks. Oman defended the corridor as compliant with international rules and confirmed that no transit fees would be charged.

Amid these developments, a cargo ship was struck by a projectile on June 25 while using a UN-approved route, though no casualties occurred. The U.S. and Iran continue talks to finalize a peace deal within 60 days, while oil prices have temporarily fallen below $73 per barrel as shipping activity recovers.