LONDON - Traffic through the Strait of Hormuz was slightly higher last week, returning to levels in line with the average recorded since the start of the Middle East conflict after hitting a wartime low. A total of 55 commodities vessels crossed the strategic waterway between May 11 and 17,...

according to data from maritime tracking firm Kpler as of Monday morning. That marked a sharp increase from the previous week, when just 19 vessels crossed -- the lowest weekly figure since the first US-Israeli strikes on Iran on February 28, which led to widespread disruption of traffic through the strait. Iranian state television said Friday the Revolutionary Guards were allowing more ships to transit the strait, after reporting a day earlier that "more than 30 ships" had been permitted to pass. Despite the increase, last week's crossings remain broadly in line with wartime averages. Since March 1, Kpler has recorded 663 commodity vessels transiting the strait, 55 per week on average. Around half the tankers crossing last week carried liquids. These included three very large crude carriers, reportedly bound for China, Oman and Japan. (Bssnews)