According to a report by Mars Finance on May 25th, The New York Times stated that although the United States and Iran are close to reaching an agreement to reopen the Strait of Hormuz, the resumption of passage for approximately 1,500 ships that have been stranded in the Persian Gulf for nearly three months will still face complex coordination challenges, making it difficult for global energy transport to quickly return to normal in the short term. The report stated that after the strait is officially reopened, shipping companies will still need to resolve issues such as ship priority, passage permits, route arrangements, and potential mine risks. Industry insiders predict that even if the agreement is formally implemented, restoring the pre-war level of 130 ships passing through daily could take weeks or even months. Since the Strait of Hormuz handles about one-fifth of global oil and gas transport, the slow recovery of logistics also means that international energy prices are unlikely to fall quickly in the short term. Jakob Larsen, safety director of the Baltic International Shipping Council (BIMCO), stated that relevant departments may need to implement speed limits and unified scheduling in the future to avoid the risk of ship collisions or groundings.
Analysis: Even if the Hormuz is restored, it will still take weeks or even months for the 1,500 stranded ships to fully resume passage.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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