BlockBeats News, May 25th, The New York Times reported that despite the U.S. and Iran nearing an agreement to reopen the Strait of Hormuz, the resumption of passage for nearly 1,500 ships stranded in the Persian Gulf for almost three months will still face complex coordination, and global energy transportation is unlikely to quickly return to normal in the short term.
The report stated that after the strait is truly reopened, shipping companies will still need to address issues such as ship priorities, passage permits, route arrangements, and potential risks of naval mines. Industry insiders expect that even if the agreement is formally reached, it may take several weeks or even months to return to the pre-war level of 130 ships transiting the waterway daily.
As the Strait of Hormuz handles about one-fifth of global oil and gas transportation, the slow logistics recovery also means that international energy prices are unlikely to quickly retreat in the short term. Jakob Larsen, Security Director at the Baltic and International Maritime Council (BIMCO), stated that relevant authorities may need to implement speed limits and unified scheduling in the future to avoid the risk of ship collisions or groundings.
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