Nearly 200 ships transited the Strait of Hormuz last week, up from 150 the previous week and about 40 two weeks earlier, according to recent UK Maritime Trade Operations data reported by the New York Post. The increase suggests a shift in maritime activity amid the unresolved conflict involving Iran, the U.S., and Israel, which has heightened security risks for vessels in the region. Greater use of an Omani route and "dark" sailing (operating with limited public tracking visibility) indicates that operators are seeking to navigate the strait while reducing exposure to conflict zones. Market pricing suggests participants may view the higher traffic as a sign of easing tensions or a strategic adjustment by shipping operators. Markets are expected to monitor regional security developments, statements from Iran and Oman, any verified ceasefire or diplomatic agreement, and new incidents or threats that could change shipping patterns and risk pricing. Potential agreements between Iran and Oman could affect prospects for traffic normalization by September 30.