Commercial traffic through the Strait of Hormuz has risen sharply since Iran and the United States agreed to reopen the waterway under their deal to end the war, according to ship-tracking data.
The strait is a critical chokepoint for global energy supplies, and the wartime disruption there had rippled through oil markets and shipping costs worldwide.
Energy markets watch closely
The rebound in transits is an early sign that one of the conflict's biggest economic shocks may be easing. Traders said a sustained recovery would depend on the ceasefire holding through the 60-day window set out in the memorandum.
Carriers that had diverted to longer routes were beginning to return, though shipping executives warned that confidence would build only gradually.
