Strait of Hormuz shipping traffic is effectively at a standstill despite Iran ceasefire

Ships trapped in the Persian Gulf “will be interested in leaving as soon as it is safe to do so,” said Jakob Larsen, chief safety and security officer at BIMCO, a leading organization for shipowners, charterers, brokers and agents. But the industry, he said, was awaiting “technical details from the U.S. and from Iran on … Read more