Shipping through the Strait of Hormuz has staged its strongest recovery since the West Asia conflict, with 341 vessels crossing the strategic waterway in the week following the June 17 US-Iran agreement and daily transits surging to a record 78 on June 24 from just 25 on June 17. The latest tally represents 57% of pre-war traffic, signalling a rapid revival in crude oil, LNG, LPG and commodity shipments through the world’s most critical energy chokepoint, according to S&P Global. The recovery has gathered momentum over the past week, with daily vessel movements climbing from 25 on June 17 to 41 on June 18, 35 on June 19, 49 on June 20, 29 on June 21, 36 on June 22, 48 on June 23 and a record 78 on June 24. The sharp increase follows the reopening of the Strait under the US-Iran memorandum and reflects improving confidence among shipowners after Oman and the International Maritime Organization (IMO) established a dedicated safe transit corridor along the Omani coast.