Major shipowners have begun moving vessels through the Strait of Hormuz since the U.S. and Iran signed an interim agreement to end their war, maritime data company Lloyd’s List Intelligence said Thursday.
In a media briefing, Richard Meade, editor in chief of Lloyd’s List, said for the first time in 110 days, ships owned by major companies were crossing the strait after effectively being marooned there since February.
The strait is a critical passageway for the world’s oil and natural gas. Before the war, the waterway off Iran’s coast carried a fifth of the world’s crude oil. Its closure during the war has created a historic energy crisis.
Lloyd’s List did not say how many ships were transiting through or had passed through the strait as of Thursday. It said tankers controlled by major ship owners Grimaldi Group, Cosco, Knutsen and NYK had passed through the strait. Two Iran-flagged, National Iranian Tanker Company-owned, sanctioned crude oil tankers entered the strait, according to Lloyd’s List.
Meanwhile, U.S. Vice President JD Vance said Thursday that the U.S. Navy lifted its blockade of the strait to allow some ships through Iranian ports.