Shipping Waits and Watches Strait of Hormuz in First Hours of Ceasefire
While welcoming the news of the announced two-week ceasefire, the shipping industry is remaining cautious and seeking more clarity before ships rush to the Strait of Hormuz. Analysts, however, also caution that they do not expect a mass exodus and further that it is unlikely to see shipping return to the Persian Gulf for some time to come. Donald Trump, in announcing the ceasefire, emphasized in all capital letters his demands for the Strait of Hormuz. He wrote that the...
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