Bescent says ship traffic in the Strait of Hormuz has returned to pre-conflict levels

U.S. Treasury Secretary Yellen stated that, except for Iran's crude oil transportation, the scale of vessel traffic through the Strait of Hormuz has recovered to pre-conflict levels. As one of the world's most critical oil transportation routes, the situation in the Strait of Hormuz has long had a significant impact on the stability of global energy markets. The recent rebound in traffic has also eased concerns in the international market about the stability of crude oil supply to some extent.