Trump says the Strait of Hormuz is "safe, secure and pristine." Shipping companies aren't convinced.
Shippers want firm security guarantees before resuming normal transits, as insurers and operators say the reopening remains risky and could take months.
- Washington and Tehran signed a memorandum of understanding on Tuesday to end their conflict, formally lifting restrictions on traffic in the Strait of Hormuz starting Friday.
- The closure of the Strait, which handles 20 percent of global petroleum supplies, disrupted fertilizer exports and drove up food prices worldwide; Iran imposed the blockade during the recent conflict.
- Despite President Donald Trump's assurance that the route is 'totally safe, secure, and pristine,' major shipping companies see transiting the waterway as 'very risky' until more details of the agreement emerge.
- Removing Iranian sea mines could take 40 to 50 days, according to industry sources, while a return to normal cargo flows will 'most likely take around three to four months,' Leon Schulz of Hapag-Lloyd said on Tuesday.
- With the deal set for ratification on June 19, BIMCO warns that mine-free routes must be established before vessels transit; analysts emphasize the agreement must be 'material' to restore shipping confidence.
34 Articles
34 Articles
Sydney Morning Herald
Declaring the Strait of Hormuz open is easy. Restarting shipping traffic is not
The path to resuming traffic through the strait will be long, complicated and risky.
Why reopening the Strait of Hormuz won’t immediately restore shipping flow
Even though the Strait of Hormuz has been declared “open” again after recent tensions, normal maritime traffic will not resume quickly, The Washington Post reports. A large number of commercial vessels remain delayed or backed up in the Persian Gulf, and the narrow geography of the strait means ships must pass through one at a time, creating a bottleneck that could take weeks to clear. Shipping companies are also moving cautiously. Many operato…
The deal between the US and Iran is intended to guarantee safe shipping through the Strait of Hormuz. Merz makes Trump an offer.
Peace deal and reopening of the Strait of Hormuz to be welcomed but questions for Europe remain
A sigh of relief will have been let out across the world after Donald Trump agreed a deal with the Iranian regime to end the war in the Middle East and reopen the vital Strait of Hormuz.
Al-Monitor
What happens when the Strait of Hormuz re-opens?
The vital Strait of Hormuz shipping lane is expected to re-open on Friday after nearly four months, following the signing of a US-Iran agreement to end the Middle East war. AFP examines how the re-opening could work and why a return to normal is likely to take time.- Are ships ready? -Once formal approval is given to re-open, stranded ships could theoretically begin to move through the strait almost immediately.
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