Oil tanker transit through the Strait of Hormuz is resuming following a framework agreement to end the U.S.-Iran conflict. However, the waterway is not operating at full capacity. With unexploded mines remaining in the central channel, commercial vessels are relying on narrower northern and southern routes.

Because of this gradual restart, global crude prices have fallen from their conflict-era peaks. However, they remain above pre-war averages [for example, Brent crude futures fell to roughly USD 78 per barrel, down from a peak of over USD 126 per barrel at the height of the crisis].

The United States Central Command [CENTCOM] has confirmed that the U.S. has lifted its blockade on Iranian ports within the Strait of Hormuz. The official statement further specifies that U.S. naval assets will maintain their presence in the region to guarantee full compliance with all provisions of the agreement reached with Iran.