CNN, in a report, wrote that while Scott Bessent, the U.S. Treasury Secretary, has expressed hope that an agreement with the Islamic Republic to resume the passage of ships through the Strait of Hormuz will be reached “Tuesday or Wednesday,” shipping analysts say that usually fewer than 10 ships pass through this waterway each day.

Based on data from Clipper Company, on Sunday, 11 Mordad, only nine transits through the Strait of Hormuz were recorded, of which only two were oil tankers. The report also says that some vessels travel while turning off their tracking systems, which has made it difficult to assess the situation.

The CEO of Saudi Aramco also said that even if the Strait of Hormuz is reopened today, compensating for the decline in oil reserves could take up to 18 months. He also estimated that global markets will lose more than 100 million barrels of oil per week due to restrictions on traffic in the Strait of Hormuz.