""Ultimately, it's still going to come back to the primary issues of risk and safety that shippers have to evaluate. It seems as though we're not anywhere near to returning to a free flow of traffic and navigation through the strait.""
""Before the Iran war, 100 to 135 vessels passed through the Strait of Hormuz daily, but that has slowed to a trickle as Iran has demanded that vessels go through a vetting process run by the Islamic Revolutionary Guard Corps to receive safe passage.""
The Strait of Hormuz remains perilous for shipping, with hundreds of vessels stranded and costs escalating. President Trump initiated 'Project Freedom' to assist ships, but the effort was paused for peace negotiations. A CMA CGM cargo ship was attacked, highlighting ongoing dangers from Iranian forces. The daily passage of vessels has drastically decreased due to new vetting requirements imposed by Iran, complicating safe navigation and risking sanctions for compliance. Goods, oil, and thousands of workers remain trapped in the strait.
Read at Fortune
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