The reduction marks a gradual easing in the number of ships affected by disruptions in one of the world’s most critical maritime trade corridors, although Japanese shipping companies remain cautious about resuming normal operations through the Strait.

A spokesperson for the association said on Monday that shipping firms would independently determine when to restart transits through the waterway after confirming safe passage conditions, including assurances that no mines are present.

Japanese Prime Minister Sanae Takaichi said on X on Friday that a vessel carrying three Japanese crew members had exited the Gulf and was heading to Japan. The vessel was not identified. Its departure means all 24 Japanese crew members who were in the Gulf when the conflict began have now left the region.

The association said Japan is advocating for international organizations, including the International Maritime Organization, to take the lead in developing fair and coordinated procedures to facilitate the orderly departure of vessels still stranded in the Gulf.

The immediate focus remains ensuring the safe movement of ships currently trapped in the area, the spokesperson said, adding that there are no plans at present for vessels to transit the Strait of Hormuz to load cargo.

Shipping activity through the strategic waterway declined sharply on Sunday after Iran announced it had once again closed the Strait, citing what it described as Israeli and U.S. violations of an interim peace agreement, according to shipping data.

The Strait of Hormuz is a vital route for global energy exports, and disruptions to navigation through the passage are closely monitored by governments, shipping operators and energy markets worldwide.

The terminal, located at Chittagong Port, Bangladesh’s largest seaport and principal gateway for international trade, is expected to substantially increase container-handling capacity following the deployment of four specialized gantry cranes that arrived on site on Friday, company officials said.

RSGT has operated the Patenga Container Terminal since June 2024 under a 22-year concession agreement with the Chittagong Port Authority. The company described the past two years as a preparation and soft-launch phase focused on infrastructure upgrades, workforce development and technology deployment.

“The final phase of equipment requirements has now been completed,” Sayed Aref Sarwar, head of commercial and public affairs at RSGT Bangladesh, said, adding that the new cranes are expected to become operational by mid-July.

Manufactured by China’s SANY, the cranes are designed to handle two 40-foot containers simultaneously, a capability not previously available at Bangladeshi ports. According to the company, the equipment will operate entirely on electricity, eliminating the use of fossil fuels during crane operations and supporting the terminal’s low-emissions strategy.

Chittagong Port handled approximately 3.41 million twenty-foot equivalent units (TEUs) in 2025, maintaining its position as the busiest container port on the Bay of Bengal and the country’s most important maritime trade hub.

RSGT currently processes about 155,000 TEUs annually at Patenga. With the new equipment entering service, the company expects throughput to rise to around 400,000 TEUs this year, accounting for roughly 12% of Chittagong Port’s total container traffic.

The terminal’s annual capacity is projected to exceed 500,000 TEUs in 2027, equivalent to approximately 17% of the port’s container volume, according to company estimates.

The expansion reflects Saudi Arabia’s growing commercial footprint in South Asia and underscores efforts by Bangladeshi authorities to modernize port infrastructure to accommodate rising trade volumes and improve logistics efficiency.

RSGT said it has invested approximately $170 million in upgrading the terminal since assuming operations. The company employs around 500 permanent staff and approximately 800 contract workers, all of whom are Bangladeshi nationals.

Company officials said employees have undergone specialized training both domestically and abroad, including operational programs in Saudi Arabia, as part of efforts to address skills shortages in Bangladesh’s port sector.

RSGT is the first foreign operator to manage a Bangladeshi port facility, a development viewed by industry observers as part of broader efforts to attract international expertise and capital into the country’s transport and logistics infrastructure.

The limited movement highlighted continued caution among shipping companies, which welcomed the agreement but are awaiting further details, including safety measures and possible mine clearance operations in the strait.

Global oil prices fell about 4 percent on Monday as markets reacted to expectations that the United States and Iran would formally sign a memorandum of understanding in Switzerland outlining steps to resume shipping.The Strait of Hormuz, a vital route for global energy supplies, has seen sharply reduced traffic since the conflict between the United States, Israel and Iran began on February 28.

The LNG tanker Disha, carrying a cargo from Qatar’s Ras Laffan, had remained west of the strait before crossing, according to data from Kpler and LSEG. The shipment is expected to be delivered to India’s Dahej terminal, a source familiar with the matter said.

Shiptracking data showed about 155 oil and chemical tankers were in the Middle East Gulf area on June 15, down from 201 at the end of May.Shipping analysts said confidence would likely return gradually as vessels resume regular movements through the waterway.

Anoop Singh, global head of shipping research at Oil Brokerage, said wider shipping activity would need time to recover and freight rates could remain elevated while operators assess risks.The Japanese Shipowners’ Association said it welcomed the agreement but wanted more concrete information before recommending that vessels return to normal operations.

Japanese shipping companies also said they would only resume navigation after safety conditions were fully confirmed.The Strait of Hormuz handles a significant share of global oil and LNG shipments, making its reopening a key factor for energy markets and international trade.

Speaking to reporters during a visit to Jaipur, Rubio said discussions involving Iranian representatives were continuing in Qatar and suggested that negotiations had entered a detailed phase focused on the wording of a potential agreement.

“There were some talks going on in Qatar today, so we’ll see if we can make progress,” Rubio said, adding that discussions were centered on specific language in an initial draft document and could require several more days to conclude.

Rubio said President Donald Trump remained committed to securing an agreement but would only support terms acceptable to Washington.
“The president’s expressed his desire to make it. He’s either going to make a good deal or no deal,” Rubio said.

The comments came after new U.S. strikes on Iranian-linked targets raised questions about the durability of efforts to halt hostilities. The military action coincided with the arrival of senior Iranian negotiators in Doha for another round of talks intended to end the conflict that has destabilized the region and disrupted global energy markets.

A central issue in the negotiations remains the status of the Strait of Hormuz, one of the world’s most important maritime energy corridors. The waterway handles a significant share of global oil and liquefied natural gas shipments and has become a focal point of the crisis after Iran moved to block transit through the strait.

Rubio said reopening the route was essential for international commerce and global economic stability.
“The straits have to be open,” he said.
He described the disruption of shipping through the Strait of Hormuz as unlawful and unsustainable, arguing that freedom of navigation must be restored regardless of the outcome of the negotiations.

“They’re going to be open one way or the other,” Rubio said. “What’s happening there is unlawful, it’s illegal, it’s unsustainable for the world, it’s unacceptable.”
The latest remarks underscore Washington’s attempt to balance military pressure with diplomatic engagement as negotiators seek a framework that could end the conflict while addressing concerns over maritime security and regional stability.

The talks in Qatar are being closely watched by energy markets and regional governments, given the strategic importance of the Strait of Hormuz and its role in global oil and gas supplies.

The operation, announced by the U.S. military, targeted what officials described as immediate threats to American personnel and maritime security. The strikes occurred while senior Iranian negotiators, including Foreign Minister Abbas Araghchi and other officials, were in Doha for talks with Qatari mediators seeking a framework agreement to halt hostilities.

The latest military action underscored the delicate balance between diplomacy and confrontation as Washington and Tehran attempt to negotiate an end to a conflict that has centered on Iran’s nuclear program and the closure of the strategically vital Strait of Hormuz.

In a statement, the U.S. Central Command said the attacks were defensive measures intended to protect American forces from threats posed by Iranian military assets.

“U.S. Central Command continues to defend our forces while using restraint during the ongoing ceasefire,” said Navy Captain Tim Hawkins, a military spokesperson.

Earlier in India, U.S. Secretary of State Marco Rubio said Washington remained committed to diplomacy and believed a negotiated settlement remained achievable.

Rubio said discussions were focused on reopening the Strait of Hormuz and launching a structured, time-limited negotiation over Iran’s nuclear activities. He indicated the United States would continue to pursue diplomatic options before considering alternative measures.

President Donald Trump echoed that message in a social media post, describing negotiations as progressing positively while warning that further military action could follow if talks failed to produce results.

At the center of the negotiations is the Strait of Hormuz, through which roughly one-fifth of global oil and liquefied natural gas shipments typically pass. Since the conflict began in late February, commercial traffic through the waterway has fallen sharply as Iran imposed restrictions and security concerns mounted.

A source familiar with the Doha discussions said negotiators were focusing on two key issues: restoring unrestricted navigation through the strait and addressing Iran’s stockpile of highly enriched uranium. Iranian financial officials were also participating in discussions involving the possible release of frozen Iranian assets as part of a broader settlement.
Iranian Foreign Ministry spokesperson Esmaeil Baghaei said detailed nuclear negotiations would only begin after a broader framework agreement had been reached.

Tehran maintains that its nuclear program is peaceful and has repeatedly denied seeking nuclear weapons. Washington, meanwhile, insists that preventing Iran from acquiring a nuclear weapon remains a central objective of any agreement.

In a separate development, Iranian state media reported that the country had used a newly deployed air-defense system to shoot down what officials described as a hostile stealth drone operating near the Arabian Gulf. Iranian authorities did not specify the drone’s origin.

Regional tensions were further heightened by developments in neighboring Lebanon. Israeli Prime Minister Benjamin Netanyahu said Israel would intensify military operations against the Iran-backed Hezbollah movement despite a ceasefire agreement reached earlier this year. The Israeli military later reported strikes against Hezbollah infrastructure in the Bekaa Valley and other areas.

Diplomatic efforts have also become intertwined with broader regional initiatives. Trump used his latest public comments to urge additional Arab and Muslim-majority nations to join the Abraham Accords, the U.S.-brokered framework that normalized relations between Israel and several Arab countries during his first term.

The proposal drew skepticism from regional observers and diplomats, some of whom argued that negotiations over Iran and broader normalization efforts should remain separate tracks.

Analysts said the administration appeared to be attempting to frame a prospective Iran agreement as part of a larger regional security architecture that could benefit Israel, Gulf states and the United States simultaneously.

Despite ongoing military exchanges, markets reacted positively to signs that diplomacy was continuing. Oil prices fell more than 4 percent on Monday, reaching their lowest levels in two weeks amid expectations that a breakthrough could restore shipping through the Strait of Hormuz and ease pressure on global energy supplies.

Iranian officials said 32 commercial vessels and five oil tankers transited the strait during the previous 24 hours under authorization from Iran’s naval forces, a fraction of the volume typically seen before the conflict began.

Negotiators in Doha are expected to continue discussions in the coming days as both sides seek agreement on the terms of a ceasefire, maritime security arrangements and a framework for addressing longstanding disputes over Iran’s nuclear activities.

The proposed accord, details of which were reported by the Saudi-owned broadcaster Al Arabiya, outlines a series of measures aimed at reducing tensions between Washington and Tehran and reinforcing regional stability following months of heightened confrontation.

According to the reported draft, both countries would pledge to abide by international law and the United Nations Charter, underscoring a renewed focus on diplomatic engagement and adherence to established international norms.

A central element of the agreement is the phased easing of U.S. sanctions on Iran. In return, Tehran would be required to fully implement the commitments contained in the accord, Al Arabiya reported.

The draft also includes guarantees for freedom of navigation in the Arabian Gulf, the Strait of Hormuz and the Sea of Oman, waterways that are critical to global energy shipments and international trade.
Both sides would further commit to respecting each other’s sovereignty and territorial integrity and refrain from interference in domestic affairs, according to the reported text.

The agreement contains provisions barring attacks on military, civilian and economic infrastructure, a clause that could help reduce the risk of direct confrontation and disruptions to regional energy markets.
Details regarding Iran’s nuclear programme, a longstanding source of dispute between Tehran and Washington, were not included in the reported draft and remain unclear.

Al Arabiya did not disclose how it obtained the document. Neither U.S. nor Iranian authorities had publicly commented on the reported draft at the time of publication.

The agreement would take effect immediately upon formal announcement by both governments, according to the reported text.

The United Kingdom Maritime Trade Operations (UKMTO), which monitors shipping security in the region, said the cargo vessel reported being fired upon and subsequently halted in the water.

No injuries or environmental damage were reported, and the ship sustained no apparent damage.The UKMTO did not identify who carried out the second attack. However, the incident followed an earlier episode in which Iran’s paramilitary Islamic Revolutionary Guard Corps was reported to have opened fire on a container ship, prompting immediate suspicion toward Tehran.

The incidents come amid heightened tensions in the Gulf, days after U.S. forces seized an Iranian container vessel following an exchange of fire and boarded an oil tanker linked to Iran’s oil trade in the Indian Ocean.

The Strait of Hormuz is a critical global transit route for energy supplies, and any disruption to shipping there is closely monitored by governments and markets worldwide.

Iranian authorities did not immediately comment on the reported attacks.

Among the ships that passed through the waterway were five vessels that had last loaded cargoes from Iran, including oil products and metals, while three liquefied petroleum gas carriers were bound for destinations including China and India.A Panama-flagged tanker carrying LPG from the United Arab Emirates was headed to Indonesia, while two other tankers loaded with refined products from Bahrain were en route to Mozambique and Thailand, respectively, according to the data.

Shipping activity also included a Liberian-flagged tanker transporting around 500,000 barrels of UAE naphtha to Ulsan in South Korea, and a very large crude carrier hauling roughly 2 million barrels of Saudi oil toward Taiwan. Another vessel carrying about 780,000 barrels of Das crude from the UAE was bound for Sri Lanka.

Additional cargoes moving through the strait included fertiliser shipments from Qatar to the UAE and petroleum coke exports from Saudi Arabia to Italy.

The uptick in vessel movements comes after weeks of disruption linked to heightened geopolitical tensions in the Gulf, which had sharply curtailed tanker traffic through one of the world’s most vital energy transit routes.

Donald Trump said on Sunday that U.S. forces would start blockading maritime traffic to Iranian ports, escalating tensions after negotiations failed to produce an agreement to end the conflict, putting a fragile two-week ceasefire at risk.

US Central Command said the blockade would take effect at 10 a.m. ET (1400 GMT) and would apply to all vessels entering or leaving Iranian ports across the Arabian Gulf and the Gulf of Oman. It added that freedom of navigation through Hormuz to non-Iranian destinations would not be impeded.

Shipping data showed several vessels adjusting routes in response. The Malta-flagged very large crude carrier Agios Fanourios I reversed course after attempting to enter the Gulf and is now anchored near the Gulf of Oman.

Other tankers, including the Pakistan-flagged Shalamar and Khairpur, continued operations, heading toward the United Arab Emirates and Kuwait respectively to load cargo.

The Liberia-flagged VLCC Mombasa B also transited the strait earlier on Sunday and is currently ballasting in the Gulf, according to vessel tracking data.Iran’s Islamic Revolutionary Guard Corps warned that any military vessels approaching the strait would be considered a violation of the ceasefire and would face a “decisive” response.

Despite rising tensions, shipping data showed that three fully laden supertankers passed through the strait on Saturday, appearing to be among the first vessels to exit the Gulf since the ceasefire agreement was reached last week.

Speaking to UK broadcasters before departing Qatar, Starmer described NATO as a longstanding defensive alliance that has underpinned transatlantic security for decades, while acknowledging that European members must increase their financial contributions.

His remarks came in response to renewed criticism from U.S. President Donald Trump, who has threatened to withdraw from the alliance following disagreements with NATO partners over participation in the U.S.-Israel war against Iran.“It is in America’s interests. It’s in European interests,” Starmer said, emphasizing the alliance’s role in maintaining collective security.

The British leader’s visit included stops in Saudi Arabia, the United Arab Emirates, and Bahrain, where discussions centered on sustaining a temporary ceasefire between the United States and Iran and addressing disruptions in the Strait of Hormuz, a critical maritime corridor for global energy supplies.

Starmer said he held a phone call with Trump late on Thursday, during which he conveyed regional concerns, particularly regarding the continued closure of the strait. Although the waterway was expected to reopen under the ceasefire agreement announced earlier this week, recent Israeli strikes on Lebanon and disputes over compliance have delayed progress.

He added that the United Kingdom is working to assemble a coalition of more than 30 countries to coordinate diplomatic and military efforts aimed at restoring safe navigation through the chokepoint.

In a separate interview, Starmer expressed frustration over the economic impact of geopolitical tensions, citing volatility in energy prices. He drew comparisons between the influence of Trump and Russian President Vladimir Putin on global markets, stating that fluctuations in energy costs were placing pressure on households and businesses.

The Strait of Hormuz handles a significant share of the world’s oil shipments, and prolonged disruption has raised concerns among governments and markets about supply stability and price volatility.