Iran's state television said three Iranian oil tankers and two vessels carrying essential supplies are currently sailing from the Indian Ocean to Iranian ports.

HSI closed down 348.72 points (-1.4%) at 24,493.95 on Tuesday, June 16. Hang Seng Tech Index closed down 106.93 points (-2.24%) at 4,658.65. Hang Seng China Enterprises Index (H-shares) closed down 135.69 points (-1.62%) at 8,240.05. Hang Seng Red Chip Index closed down 70.78 points (-1.64%) at 4,250.15.

HSBC analysts said oil shipments through the Strait of Hormuz are unlikely to normalize before end-July and may not return to pre-conflict levels until end-September. Key obstacles include clearing sea mines, restoring insurance, drawing down excess Gulf oil inventories, redeploying vessels, and restarting idled producing fields and downstream infrastructure. HSBC expects Saudi Arabia and the UAE to recover relatively quickly, while other producers will need months rather than weeks. In a partial-reopening scenario where Iran retains influence via the "Persian Gulf Strait Authority", supply could recover to only about 60% of pre-conflict volumes, which would keep the oil market in deficit through 2027.