US Treasury Secretary Bessent Says Hormuz Strait Ship Traffic Has Recovered to Pre-Conflict Levels Except for Iranian Oil Shipments

US Treasury Secretary Bessent said that ship traffic through the Strait of Hormuz has recovered to pre-conflict levels, except for Iranian crude oil shipments. As one of the world's most critical oil transport chokepoints, traffic conditions in the Strait of Hormuz have long had a significant impact on the stability of global energy markets, and the rebound in transit volumes has to some extent alleviated international market concerns over the stability of crude supply.