Strait of Hormuz shipping restrictions persist despite US-Iran interim agreement; oil prices remain volatile (euobserver.com)

• Over 200 ships have crossed the Strait of Hormuz since the 18 June agreement, but traffic remains below pre-war levels.
• Brent crude at $72/barrel, TTF gas at €43/MWh; prices down from peaks but above pre-crisis baselines.
• Iran and US disagree on transit fees and navigation control; incidents highlight fragile truce.

"Two weeks after the US-Iran interim agreement, Strait of Hormuz shipping has not fully normalized. Over 200 ships have crossed but traffic remains well below pre-war levels due to mined areas, Iranian monitoring, and insurer caution. Brent crude trades at $72/barrel, European TTF gas at €43/MWh. The ceasefire holds but incidents occurred: Iran fired on a US tanker, US struck an Iranian drone facility. Disagreements over transit fees and route control persist."