Shipping operations in the critically important Strait of Hormuz remain severely disrupted following a ceasefire agreement between the United States and Iran, which was announced on Tuesday. The agreement intended to establish a temporary two-week pause in the ongoing hostilities between the two nations but has not resulted in the expected increase in maritime traffic. Reports indicate that only a few vessels have successfully transited the strait since the ceasefire was declared, raising concerns over one of the most significant energy supply disruptions the world has faced. This situation has implications for global oil markets, supply chains, and regional stability.... [Continue Reading]