Strait of Hormuz Sees Minimal Oil Traffic Despite Ceasefire as Global Supply Concerns Persist
Story: written by Daniel April 9,2026
Oil shipments through the strategic Strait of Hormuz remain significantly reduced despite a fragile ceasefire between the United States and Iran, raising fresh concerns over global energy supply.
Top economic adviser to Donald Trump, Kevin Hassett, said even a single oil tanker passing through the strait could help ease the ongoing supply shortage triggered by the U.S.-Israel conflict with Iran.
Speaking on Thursday, Hassett noted that while both sides had agreed to reopen the vital shipping route, vessel movement remains extremely limited. Prior to the outbreak of hostilities on February 28, more than 100 oil tankers and commercial ships navigated the strait daily, according to shipping data.
However, recent figures show only two oil tankers — including one from Iran — alongside a few bulk carriers have crossed the waterway since the ceasefire announcement earlier this week. The situation highlights Iran’s continued strategic leverage, even as it faces sustained military pressure.
The Strait of Hormuz, responsible for transporting nearly 20% of the world’s oil supply, has been a focal point of the crisis. Disruptions in the route initially drove global oil prices sharply upward. Although prices briefly dropped following the ceasefire announcement, they rebounded above $100 per barrel amid uncertainty over shipping activity.
Hassett emphasized that a single large tanker can carry up to two million barrels of oil, making even limited movement significant in addressing supply gaps.
Meanwhile, negotiations aimed at stabilizing the situation are expected to begin in Islamabad, with hopes that diplomatic efforts will lead to a lasting resolution. U.S. officials, including Defense Secretary Pete Hegseth and White House spokesperson Karoline Leavitt, have reiterated calls for the immediate and safe reopening of the strait.
Despite claims of a slight increase in maritime activity, uncertainty remains high as global markets continue to react to the evolving geopolitical landscape.
