Gate News message, April 6, the Strait of Hormuz (a globally critical oil shipping route) saw traffic rise to the highest level since the early days of the Middle East war, as more countries reached safety passage agreements with Iran. Over the weekend, a total of 21 ships transited the waterway, which is the highest two-day total since traffic began falling in early March. Although the current number of ships transiting remains far below pre-war levels (about 135 vessels), more countries have already been granted passage. A senior crude oil analyst at Singapore’s Kpler said that, while Iran is responding to requests from its partner countries, it is also strengthening its control over the Strait of Hormuz; passage still depends on Iran’s will, and if the conflict escalates, the situation could change at any time. As of now, most of the ships that have been approved for passage appear to be following routes instructed by Tehran, sailing close to Iran’s coast, though more ships are starting to choose routes along the opposite shore.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
French Finance Minister: Euro-Based Stablecoins Vital to European Financial Sovereignty
French Finance Minister Roland Lescure has called on European banks to aggressively develop euro-based stablecoins and tokenized deposits to challenge the overwhelming dominance of the U.S. dollar in digital payments.
Key Takeaways:
Roland Lescure urged EU banks to launch euro stablecoins
Coinpedia4m ago
Bitcoin Swings on Hormuz Strait Reports, Triggering $762M in Liquidations
Bitcoin rose to $78,000 but dropped to $76,091 following reports of tensions in the Strait of Hormuz. Iran's actions triggered $762 million in liquidations among traders, with implications for crypto markets as Iran accepts payments in bitcoin and other currencies to navigate sanctions.
GateNews44m ago
U.S. Military Plans to Board and Seize Iranian-Linked Vessels in International Waters
U.S. military officials announced plans to board and seize Iranian-linked vessels in international waters, marking an escalation in operations targeting Iran's maritime assets beyond the Middle East.
GateNews1h ago
Iran Reports 3,468 Deaths in U.S.-Israel Conflict, Official Register Updated
Iran's Martyrs and Veterans Affairs Foundation has reported 3,468 Iranian personnel casualties in the U.S.-Israel conflict, according to Chairman Mousavi and state media.
GateNews1h ago
Ukraine's Prosecutor General Classifies Kyiv Shooting as Terrorist Attack
Ukrainian Prosecutor General Irina Kravchenko announced that a shooting in Kyiv has been classified as a terrorist attack, prompting criminal proceedings under national law. The investigation is ongoing.
GateNews1h ago
Iran Deputy Foreign Minister Says Date for Next Round of US Talks Remains Undetermined
Iran's Deputy Foreign Minister criticized the U.S. for sending unclear messages regarding negotiations, indicating no specific date for upcoming talks has been set. He emphasized that it's up to Americans to assess the legality of these statements.
GateNews11h ago