Tag: hormuz reopening,
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Strait of Hormuz reopening won’t end shipping risks
A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But mines, high insurance costs and geopolitical risks mean disruption could persist for months.
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Japanese shippers await details on Hormuz reopening, mine clearance
TOKYO, June 15 : Japanese shippers welcomed on Monday the U.S.-Iran peace agreement which will reopen the Strait of Hormuz but are awaiting more details of the deal and clearance of mines before allowing their ships to pass the chokepoint.According to the association, 38 Japanese-linked vessels remain strande
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