Strait of Hormuz far from open: Risks persist as Iran maintains ownership – will free transit ever return?
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The Strait of Hormuz remains a contentious issue despite a two-week ceasefire between the US and Iran, with Iran maintaining control and threatening to destroy ships that don't seek permission. The situation is far from normal, with over 800 vessels trapped in the Persian Gulf and shipowners scrambling to understand the fine print of the deal.
A two-week ceasefire between the US and Iran has eased tensions, but the Strait of Hormuz remains a risk. Iran still threatens to destroy ships that don't seek permission. Over 800 vessels are trapped in the Persian Gulf. The ceasefire may not lead to a quick resumption of transits. Shipowners are cautious, awaiting further developments. Peace talks are set to begin in Islamabad on April 10.
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