Hormuz Ship Traffic Rises as Oil Prices Fall

Ship traffic through the Strait of Hormuz has risen to a near-wartime high of 78 vessels, with 42% using the Oman route. Oil prices fell by 2% as shipments resumed, even after a vessel was hit near Oman. Oman stated that the Strait of Hormuz will not return to its pre-war status and that ships will have to pay to pass through.