The Strait of Hormuz is open again. It may never get back to normal President Trump has declared the Strait of Hormuz open for business. But experts tracking the Iran war say the crucial waterway, which prior to the outbreak of conflict accounted for roughly 20% of global oil flows, may not ever fully return to normal. Both US and Iranian leadership have said they won't impede travel through the strait, as part of an initial agreement ending the conflict signed by both parties last week. Yet ship owners, shipping captains, and buyers are only weeks removed from a wave of Iranian attacks on vessels in the waterway that brought through-traffic to a standstill. Promises of safety from the president, experts told Yahoo Finance, may not be enough to bring those flows back in size. "Few believe the Strait will ever be the same again," said Jefferies global energy analyst Lloyd Byrne. "We certainly don't." After months of fighting, combat in the Gulf has died down. No ship has been attacked inside the Strait of Hormuz in several weeks, and vessel crossings have picked up to between 10 and 20 per day, per data from the intelligence firm Kpler. Even so, crossings still remain far below the roughly 130 per day recorded prior to the outbreak of war, per Bloomberg data. Daily oil volumes remain well below the pre-war average of 20 million barrels per day of crude and petroleum products. While daily volumes of oil crossing the Strait of Hormuz have steadily risen since the signing of the US-Iran memorandum of understanding, they remain depressed below pre-war levels of roughly 20 million barrels per day. While daily volumes of oil crossing the Strait of Hormuz have steadily risen since the signing of the US-Iran memorandum of understanding