Oil tanker traffic through Strait of Hormuz hits highest level since conflict began but mines remain

Despite ongoing tensions between the U.S. and Iran, tanker traffic through the Strait of Hormuz has reached its highest level since the conflict began, leading to a drop in oil prices. This surge in activity coincides with ongoing diplomatic negotiations between the two nations, suggesting a temporary easing of hostilities. However, the presence of mines in the central channel underscores the persistent dangers in the region, which could disrupt this trend if tensions escalate again. This situation highlights the delicate balance between geopolitical conflict and global energy supply stability.