Belgian shipping analysis agency Kpler stated that although the Strait of Hormuz reopened on the 17th, shipping in the strait that evening remained restricted to approved shipping lanes.
Kpler believes that although the market reacted with cautious optimism to the news of the strait’s reopening, supply conditions remain tight, and a full recovery of trade and confidence will take several months.
The Iranian Revolutionary Guard Navy Command issued new regulations on social media regarding vessel passage through the Strait of Hormuz, stipulating that civilian vessels must transit via routes designated by Iran and coordinate with the Navy of the Islamic Revolutionary Guard Corps.