Iran says only a limited number of ships may pass daily through the Strait of Hormuz
Iran has said that only a limited number of vessels will be allowed to pass through the Strait of Hormuz each day, adding a new restriction to the reopening of one of the world's most important energy chokepoints. The statement was reported on Tuesday by Iran's state news agency, citing a military official. It said the daily number would vary depending on conditions in the region.No figure was given for how many ships would be permitted to transit. The announcement comes after a peace agreement signed between the United States and Iran last week, which reopened the strait but did... [Continue Reading]
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Three India-flagged oil tankers transit Strait of Hormuz safely
Three India-flagged crude oil tankers have safely crossed the Strait of Hormuz and are now en route to India, according to well-placed sources in the Ministry of Shipping, Ports and Waterways. The vessels are the Desh Vaibhav, Desh Vibhor and Sanmar Herald. Together, they are carrying more than 8.6 lakh metric tons of cargo and have 94 Indian crew members on board.The ministry sources said the Desh Vaibhav is expected to arrive in Vadinar on June 24 with 37 Indian seafarers and 2,86,572 metric tons of crude oil. The Desh Vibhor, carrying 2,88,893 metric tons and 27 Indian crew members,... [Continue Reading]
Strait of Hormuz expected to reopen after US-Iran agreement
The Strait of Hormuz is expected to reopen on Friday after nearly four months of disruption, following a US-Iran agreement aimed at ending the Middle East war. The shipping lane is one of the world's most important energy routes, and its reopening is likely to be watched closely by oil markets, ship operators and insurers. The closure had left vessels stranded in Gulf waters and forced maritime traffic to slow or stop.The strait normally carries about 20% of global crude oil supply, according to the supporting material. About 500 ships and 20,000 seafarers were stranded during the shutdown, according to... [Continue Reading]
Strait of Hormuz remains largely blocked after US-Iran deal announcement as shipping stays cautious
Shipping through the Strait of Hormuz remains far below normal three days after a preliminary Iran-US deal was announced, with operators and insurers still waiting for signs that the route is safe and stable. Ship-tracking data cited in the supplied material shows only seven vessels have passed through since Sunday, despite the agreement being described by both sides as reopening the waterway. The narrow passage, which links the Gulf to the Gulf of Oman, is one of the world's most sensitive maritime chokepoints and the latest figures suggest traffic has not yet recovered.The material says that before the war, between... [Continue Reading]
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