Since the ceasefire between the United States and Iran took effect, only 10 vessels have successfully navigated the Strait of Hormuz, a critical passage for global oil transport. This includes just four tankers and six bulk carriers, with most traffic linked to Iranian trade. The International Energy Agency has reported that the ongoing conflict has resulted in unprecedented supply disruptions in the global oil market. Currently, around 800 ships are stranded in the Gulf, with shipping companies hesitant to resume operations due to safety concerns. The traffic through the strait remains 90% below normal levels, primarily driven by Iranian trade. The Iranian Revolutionary Guards have proposed alternative routes, citing risks such as sea mines, and have stated that vessels must coordinate with the Iranian navy to pass through safely. Despite the ceasefire, tensions persist, and the shipping industry remains cautious about future operations in this vital waterway.