Strait of Hormuz Deal May Not Save Shipping
Part of composite article US-Iran Strait of Hormuz Deal Won’t End Shipping Chaos for Months View full article →
A proposed US-Iran agreement to reopen the Strait of Hormuz has raised hopes in global shipping and oil markets. However, experts warn that disruption could last for months. Naval mines, high insurance costs, and ongoing geopolitical tensions remain serious threats to safe passage. Even if the strait reopens, the risks for ships and cargo will not disappear quickly.