Maritime traffic resumes in Strait of Hormuz amid US-Iran toll dispute
Maritime traffic through the Strait of Hormuz has increased after weeks of disruption, but uncertainty remains over potential tolls that could affect US-Iran negotiations. Oil prices continue to fall as vessels face logistical challenges in resuming normal operations.
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Oil prices continue their slide on Thursday as traffic through the Hormuz Strait has picked up over the past few days. Uncertainty lingers for the shipping industry, though, as disagreements over a potential toll to pass through the Strait could be a stumbling block in US-Iran talks. Also in this edition, US chipmaker Micron's better-than-expected sales forecast sends AI stocks surging again.
Even if shipping traffic resumes through the Strait of Hormuz, hundreds of vessels that have spent weeks or months waiting at anchor must first overcome a range of technical, operational and human challenges before returning to normal trade