On the 6th, Denmark’s Maersk said it will, alongside Germany’s Hapag‑Lloyd via their Gemini cooperation network, restore Suez Canal sailings for some vessels. Carriers initially rerouted around Africa and avoided the Red Sea, Bab al‑Mandeb and the Suez Canal from November 2023 after renewed Israel‑Hamas fighting and Houthi attacks on vessels linked to Israel in the Red Sea and Gulf of Aden.

US ISM services PMI edged down to 54 in June from 54.5 in May, marking the 24th consecutive month of expansion, the ISM services report showed. The business activity index fell to 55.4 from 57.7. The prices index declined to 67.7 from 71.3, slipping below 70 for the first time since February; it has stayed above 60 for 19 months and its 12-month average is 68. Diesel, gasoline and oil were again the most-cited input-price risers, though some respondents reported price declines—attributed to differing contract terms across firms—and a subset said gasoline and diesel purchase prices have fallen, not universally. The ISM committee said oil-price pass-through to supply chains is likely to persist for several months but could ease by autumn if recent improvements in Strait of Hormuz shipping hold.

Data show two Japan-owned supertankers carrying Saudi crude are transiting toward the Strait of Hormuz to exit the Gulf region.