Ship traffic in the Strait of Hormuz has increased following an interim deal between Iran and the U.S. aimed at ending a conflict that impacted global oil supplies. However, uncertainties regarding control of the waterway and potential tolls for vessels may complicate negotiations, according to AP.

The global economy is facing uncertainty as Iran has effectively closed the Strait of Hormuz amid ongoing conflict with Israel and the United States. This strait is crucial for the passage of approximately one-fifth of the world's oil and gas. While some ships have managed to navigate the strait, they have done so under Iran's conditions, reportedly paying tolls for safe passage. The situation remains tense as the world awaits the reopening of this vital waterway.

Qatar has warned of a potential "industrial catastrophe" if the ongoing crisis involving Iran continues, according to Al Jazeera's live coverage. Shipping data from Kpler shows an average of 10 vessels transited the Strait of Hormuz daily over the past 10 days, the lowest level since May, highlighting the disruption to one of the world's most critical oil shipping routes.

Iran has warned the United Kingdom and France following their announcement to collaborate with Oman on ensuring navigation safety in the Strait of Hormuz, a critical shipping route. Iranian Deputy Foreign Minister Kazem Gharibabadi stated that Tehran would not accept the involvement of these countries in the region's security matters, escalating tensions in the area.

Japan is contemplating the deployment of its navy to assist in demining operations in the Strait of Hormuz, a move that follows a ceasefire agreement between the US and Iran, according to Al Jazeera.

The United Nations has begun evacuating approximately 11,000 sailors who have been stranded in the Strait of Hormuz since the onset of the US-Israel war on Iran on February 28, which led to Tehran effectively closing off this crucial maritime route.