A Pakistan-flagged oil tanker has become one of the latest vessels to transit the Strait of Hormuz by sailing close to Iran’s coastline signaling what analysts describe as a relatively safer passage route amid rising regional tensions.

According to a report by Bloomberg the tanker named Karachi passed through a narrow channel between Iran’s Larak Island and Qeshm Island on Sunday. It then continued along the Iranian coast toward the Gulf of Oman while carrying more than 80 million liters of oil.

The tanker’s route is being seen as an indication of an informal marine traffic control system operated by Iran in the region. Analysts suggest that ships may increasingly rely on routes approved by Iranian authorities to ensure safe passage through the strategically vital waterway.

Bloomberg noted that the tanker’s movement highlights the growing importance of Iranian approval for vessels navigating the area. Reports indicate that countries including India and Turkey have also sought secure transit routes from Iran.

Meanwhile, insurance companies and financial institutions have expressed concern over rising risks associated with shipping in the region, reflecting heightened uncertainty in global energy trade routes.