Hormuz Strait sees record ship crossings
On Monday, the Strait of Hormuz witnessed the crossing of over 36 cargo ships, a record high since the start of the war in the region. This followed the signing of a memorandum of understanding between the United States and Iran to de-escalate tensions and resume navigation traffic. Before the agreement was signed, the number of ships crossing daily was less than ten, but it increased significantly after the strait was reopened. The number is expected to grow further with additional maritime tracking capabilities. Iran confirmed that the maritime passage would remain under its control, while the United States will temporarily lift sanctions on Iranian oil until August.
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