Hundreds of ships wait outside Gulf for full opening of Hormuz Strait

Hundreds of ships wait outside Gulf for full opening of Hormuz Strait Tanker operators are showing reluctance to move their vessels. This hesitation is linked to the perceived need for a strengthened ceasefire deal between Iran and the United States. The situation is causing hundreds of ships to wait outside the Gulf, awaiting the full opening of the Strait of Hormuz.

• Tanker operators are reluctant to move vessels.
• Hesitation is tied to the Iran-US ceasefire deal.
• Operators await a strengthened ceasefire agreement.
• Hundreds of ships are waiting outside the Gulf.
• The Strait of Hormuz remains not fully open. Continue reading https://www.ft.com/content/9df718a9-8ee3-4d8b-a9ff-a29263d35a88