Strait of Hormuz reopening cautiously after US-Iran ceasefire
Just read about the Strait of Hormuz reopening after a temporary ceasefire between Iran and the US. This is huge because about 1/5 of the world's daily oil supply passes through there. However, shipping companies are extremely cautious; they need full technical guidance from both sides before safely navigating. There's a massive backlog of ships waiting, and clearing it will take longer than the ceasefire period. Companies like Maersk and Hapag-Lloyd are assessing risks carefully and haven't resumed full services yet. Normal shipping activity isn't expected immediately. It's a delicate situation, and everyone's watching closely.
https://www.thenationalnews.co