Hormuz Strait Oil Shipments Rebound as Threat Level Downgraded

Oil shipments through the Strait of Hormuz have rebounded significantly since the US and Iran reached an agreement, according to data from commodities analytics firm Kpler. At least 20 tankers carrying 35 million barrels of crude oil, previously stranded in the Persian Gulf, have successfully transited out through the Strait. Oil flows through the Strait of Hormuz have recovered to approximately 4.8 million barrels per day since the US-Iran deal was struck.

The Joint Maritime Information Center has downgraded the threat level for vessels transiting the Strait of Hormuz from 'Critical' to 'Moderate,' stating that while attacks remain possible, they are unlikely due to the easing of shipping disruption fears. International oil prices have posted noticeable declines as markets digest this development.

However, US President Trump has directed criticism at US oil companies, faulting them for not lowering retail gasoline prices quickly enough. The national average retail gas price in the US stood at approximately $3.93 per gallon as of Wednesday, remaining elevated above five-year historical averages for this period.