Mitsui OSK Lines CEO Jotaro Tamura said shipowners will not resume sailing through the Strait of Hormuz for weeks, even after a US-Iran deal to reopen the waterway. According to BeInCrypto, Tamura said any agreement must prove “material” in practice before operators feel safe, estimating a return could take weeks or as long as a month.
The strait carried more than a fifth of global oil and liquefied natural gas before conflict erupted in late February, with daily transits collapsing since. MOL operates more than 900 ships; it moved four vessels out of the Gulf and said at least seven still wait to transit.
MOL CEO: Shipowners May Wait Weeks to Resume Hormuz Sailings After US-Iran Deal
2026-06-16 09:54:51
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
