Straight of Hormuz: Shipping Resumes Amid Tense Ceasefire

As of June 25, 2026, maritime traffic through the Strait of Hormuz is cautiously ramping up following last week’s interim accord between the U.S. and Iran. While over 70 ships transited the waterway on Wednesday, the Iranian Revolutionary Guard Corps (IRGC) has issued fresh warnings against an "unapproved" southern shipping lane promoted by Oman and the UN. Oil prices have dropped to near pre-war levels of $73 per barrel, yet the ceasefire remains fragile due to ongoing military friction in southern Lebanon.