Oil tanker traffic through the Strait of Hormuz has reached its highest level since the onset of conflict, reflecting a cautious recovery in shipping despite the presence of mines and other obstacles. The situation remains complex, as Iran asserts control over the strait and imposes mandatory insurance on ships, complicating navigation. While peace agreements between the U.S. and Iran have led to a temporary easing of tensions, confusion still reigns regarding the status of the strait. Oil prices have seen fluctuations, with recent reports indicating a drop below $75, while energy officials suggest that traffic is moving back towards normal. However, experts warn that significant disruptions may continue until the numerous mines obstructing the route are cleared. As vessels resume transit, the future of the Strait of Hormuz remains uncertain amidst contrasting claims from U.S. and Iranian officials.