The Strait of Hormuz recorded a significant increase in vessel traffic, with 78 ships transiting on June 24, marking a new single-day record since the onset of the Iran conflict, according to S&P Global Energy. This surge brings the average daily transit volume to approximately 57% of pre-conflict levels, with a total of 551 vessels passing through this month. The increase is attributed to the activation of a new southern shipping lane by Oman and the International Maritime Organization, which saw 33 vessels on June 24. Despite these improvements, Iran's requirement for ships to use its approved northern lane and obtain passage permission from the Islamic Revolutionary Guard Corps continues to pose challenges. The recovery in shipping activity suggests an initial normalization, although geopolitical tensions still influence the region's maritime operations.