Hormuz: Traffic flows despite Iran's closure announcement

AI Summary

Despite Iran's announcement of closing the Strait of Hormuz, maritime traffic has continued and even increased, signaling a cautious recovery in shipping flows following a US-Iran memorandum of understanding. However, the situation remains volatile.

Maritime traffic in the Strait of Hormuz on Monday continued to flow at a faster pace than before the US-Iranian agreement on talks to end the Middle East war, according to tracking firms, despite Tehran's announcement of a renewed closure. "The latest figures suggest a cautious but visible rebound in traffic following the MoU (memorandum of understanding between the United States and Iran), although the daily pattern remains volatile," Mihail Todorov of AXSMarine, a shipping data provider, told AFP.