A United Nations agency is working to restart evacuation operations for vessels and seafarers in the Strait of Hormuz, following a recent attack on a ship in the waterway.
The move comes after the agency had suspended its ongoing efforts to clear the strait, which had left hundreds of ships and approximately 11,000 crew members stranded or in transit.
The suspension of the evacuation operation was triggered by the reported attack, which raised immediate safety concerns for maritime traffic in one of the world's most critical energy chokepoints.
The Strait of Hormuz handles roughly a fifth of global oil consumption, and any disruption to transit routes has direct implications for energy markets and freight rates.
The attempt to resume evacuations signals a cautious return to normalcy, but the underlying geopolitical pressure on trade routes remains high.
Market participants are likely to monitor the situation closely for any further incidents that could reignite shipping risk premiums.