Analysis

Strait of Hormuz crossings drop to 38 as negotiations focus on route governance

Confirmed crossings through the Strait of Hormuz fell by 10 day-on-day to 38 as of July 2, with commercial traffic dominated by low-risk vessels and nine sanctioned crossings. Iranian-flagged activity surged to 11 crossings from two the previous day, with 14 cargo-carrying transits led by crude, CPP and dry bulk. The Iranian Route remained predominant with 15 crossings, while negotiations focus on route governance and fees rather than reopening, with Iran warning tankers to use approved routes or face a "forceful response."