Commercial shipping traffic passing through the Strait of Hormuz briefly surged over the weekend, but has slowed slightly again following several attacks on ships.
At least 20 ships, ranging from oil tankers to dry bulkers and container ships, passed through the strait on Saturday, according to LSEG data.
According to data, the large oil tanker FPMC C-Load crossed the Strait with 2 million barrels of Saudi crude oil on its way to Taiwan.
However, traffic was halted on Sunday as attacks on commercial ships showed the security situation remained dangerous.
Oil prices rose about 6% on Monday as traffic in the Straits remained light. On Monday, at least seven ships crossed the sea lane with a slight rise.
Iran on Friday declared it would open the strait to commercial shipping in response to a U.S.-brokered ceasefire in Lebanon. However, the Iranian government announced the next day that it had closed the sea lanes after President Donald Trump refused to lift the blockade of Iranian ports.
On Saturday, Iranian Revolutionary Guards opened fire on a tanker and an unknown projectile hit the container ship, according to an incident report from Britain’s Maritime Trade Operations Center.
The ship was clearly Indian. New Delhi told Iran on Saturday it was deeply concerned by attacks on two ships flying its flag in the strait.
The U.S. Navy shelled an Iranian cargo ship in the Gulf of Oman on Sunday, and Marines took control of the ship. President Trump said the ship was attempting to carry out a U.S. naval blockade of Iran.
