Why the Strait of Hormuz will take a long time to reboot
Shipping through the Strait of Hormuz remains halted despite hopes of a US-Iran deal, with industry figures saying it won't fully resume until there's long-term stability. Hundreds of ships and their crews are stranded, with operators unwilling to risk a crossing amid the tense marine standoff.
The Strait of Hormuz remains effectively closed to shipping despite hopes of a US-Iran deal. Hundreds of ships are stranded, with operators unwilling to risk a crossing amid the tense marine standoff between Tehran and Washington. President Donald Trump had planned to use the US military to guide ships through the strait under 'Project Freedom', but the operation was suspended after less than 48 hours. Markets surged on reports of a potential one-page agreement to end the war and reopen the strait. Iran's national security commission spokesperson called the report 'a list of American wishes rather than a reality', while Iran's navy said 'safe, stable passage' would be ensured 'with aggressor's threats neutralized and new protocols in place'. Shipping industry figures say the traffic jam won't be resolved until there's a long-term deal backed by specific guarantees.
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