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Oil prices hit fresh 6-week highs on renewed Middle East tensions
Uneven Recovery
The daily traffic pattern has been choppy, with one day’s increase quickly followed by another day’s drop. Reuters’ latest update shows that the strait has not built the kind of momentum usually associated with a sustained return to normal operations.
That inconsistency is important because shipping companies make decisions based on predictability. Even if the strait is open, irregular flows can still keep many operators waiting before they commit vessels at prior levels.
Market Impact
For markets, the lack of steady improvement means uncertainty remains embedded in freight and energy pricing. A single stronger day does not erase the broader signal from the lower moving average.
The article points to an ongoing adjustment period in which vessels may be crossing, but not yet in the volume or pattern needed to call the route normal again. Until that changes, the month of full normalization is still unresolved.
What Next
The most important takeaway is that the recovery is fragile rather than complete. Repeated below-average counts make it difficult to argue that the strait has already returned to its pre-disruption state.
If a return to normal does happen soon, the evidence would need to show several consecutive days of higher transits. The current reporting does not yet show that pattern.
