Shipowners Cautious on Strait of Hormuz Resumption Despite US-Iran Deal
Shipping operators plan to wait weeks before returning to the Strait of Hormuz, citing the need for tangible evidence of improved regional security, despite a reported US-Iran agreement to reopen the waterway.
Shipowners remain wary of resuming transit through the Strait of Hormuz, even after a reported agreement between the United States and Iran to reopen the strategic chokepoint. According to the Financial Times, many operators intend to wait several weeks before returning, seeking concrete proof that conditions in the region have genuinely stabilized.
Jotaro Tamura, chief executive of Mitsui OSK Lines — the world's largest tanker operator — stated that a political deal alone is insufficient to restore confidence among shipowners. The industry is demanding sustained evidence of safety before committing vessels to the route.
The cautious stance highlights ongoing uncertainty over the security of one of the world's most critical oil transit corridors, despite diplomatic progress.
Source: First Squawk