Marine traffic through the Strait of Hormuz has begun to recover, according to maritime tracking data, after Iran introduced a new transit regime requiring vessels to pay a fee of about $2 million per passage.

The waterway, through which roughly 20% of global oil supply flows, had seen weeks of near-total disruption during the early phase of the U.S.-Iran conflict. However, recent data indicates a selective reopening with some ships resuming transit under the new conditions.

Iranian lawmaker, Alaeddin Boroujerdi, described the policy as a “new sovereign regime,” confirming that while vessels linked to the United States and Israel remain barred, other ships are being allowed through.

Payments are reportedly being made in U.S. dollars, cash, cryptocurrency, or barter arrangements, according to industry sources.

BREAKING:

Marine traffic data shows, Many of ships are starting to pass through Strait of Hormuz again.

Iran has reportedly approved all GCC, European, and foreign ships for passage at a $2 million $CNY fee, excluding Israeli and American vessels. pic.twitter.com/xCcKHCrVl2

— Crypto Rover (@cryptorover) March 24, 2026

The partial reopening has helped ease pressure on global shipping markets which had been strained by the disruption along one of the world’s most critical energy corridors.

Oil prices remain elevated but have shown signs of stabilizing amid growing expectations of de-escalation. Market sentiment has also been buoyed by reports that Iran’s leadership may be open to renewed negotiations with Washington.

U.S. President Donald Trump has made the full reopening of the strait a key priority while global markets have responded cautiously. India’s benchmark Nifty 50 index edged higher on optimism that tensions could ease, traders said.

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