Despite the US-Iran ceasefire, shipping in the Strait of Hormuz is at a stop.

 

Tehran and Washington accuse one another of breaking the terms of the cease-fire.

 

Despite the ceasefire agreement between the United States and Iran, shipping in the Strait of Hormuz is still at a standstill, dimming hopes for a resolution to one of the greatest global energy disruptions in history.
According to ship tracking data, only a few ships have crossed the crucial strait since Washington and Tehran established a two-week ceasefire on Tuesday.

 

 Data from market research firm Kpler shows that five ships crossed the strait on Wednesday, compared to eleven the day before, and seven on Thursday.

Lloyd's List Intelligence reports that over 600 ships, including 325 tankers, are still stuck in the Gulf as a result of the strait's closure. coincentral 

In an analysis published on Thursday, Kpler trade risk analyst Ana Subasic stated, "While some vessel movement has resumed, traffic remains very limited, compliant shipowners are likely to stay cautious, and safe transit capacity is expected to remain constrained at maximum 10–15 passages per day if the ceasefire holds, without consideration of tolls applied."

 

Before the US and Israel began their airstrikes on Iran on February 28, the waterway, which normally transports over one-fifth of the world's oil and LNG supply, handled roughly 120–140 transits.

President Donald Trump of the United States accused Iran on Thursday of not fulfilling its obligation under the ceasefire agreement to permit "safe passage" in the canal for a period of two weeks.

Trump said on Truth Social, "Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz."

 In regard to Israel's continuous attacks on Lebanon, Iranian Foreign Minister Abbas Araghchi had earlier accused the US of breaking the agreement and warned that it would have to decide between a truce and "continued war" through its ally.

In a social media post, Araghchi stated, "The world sees the massacres in Lebanon."

 

"The world is watching the United States to see if it will fulfill its commitments."

 

Oil prices have started to rise after falling on the announcement of the ceasefire as markets come to terms with the fact that, in spite of the truce, marine commerce is still essentially suspended.

 

"At this point, clarification is necessary. In a social media post on Thursday, Sultan Ahmed Al Jaber, CEO of ADNOC, the state-owned oil corporation of the United Arab Emirates, stated, "Let's be clear: the Strait of Hormuz is not open."

"Access is being controlled, conditioned, and limited. Iran has made clear – through both its statements and actions – that passage is subject to permission, conditions and political leverage. That isn't navigational freedom. Coercion is what that is.

 

The global standard, Brent crude, dropped below $95 per barrel on Wednesday and was at $96.39 as of 02:00 GMT on Friday.
Following overnight advances on Wall Street fueled by expectations of a war resolution, Asia's major stock markets began higher on Friday.
Early trading saw a 1.8 percent increase in Japan's benchmark Nikkei 225, a 2 percent increase in South Korea's KOSPI, and a 1 percent increase in Hong Kong's Hang Seng Index.