The world’s largest tanker operator, Mitsui O.S.K. Lines, has warned that restoring normal shipping traffic through the Strait of Hormuz could take weeks. The delay stems from uncertainty surrounding the validity of a potential agreement between the United States and Iran. Tanker companies are hesitant to resume voyages until they receive assurances that any deal is fully enforceable and will guarantee safe passage. The Strait of Hormuz is a critical chokepoint for global oil supplies, and disruptions significantly impact energy markets. This hesitation impacts global trade and energy security. Mitsui O.S.K. Lines communicated this assessment to the Financial Times, highlighting the cautious approach being taken by the shipping industry. The situation remains fluid and dependent on diplomatic developments.
