More than 500 vessels remain stranded in the Middle East Gulf as efforts to reopen the Strait of Hormuz continue to face delays despite the announcement of a peace agreement between the United States and Iran, raising fresh concerns over global energy supplies and maritime trade.
Shipping data showed little change in vessel traffic through the strategic waterway following Sunday’s announcement of a US-Iran peace deal, suggesting that shipowners remain reluctant to resume normal operations until the agreement is formally signed and implemented.
The Strait of Hormuz is one of the world’s most critical energy corridors, handling roughly a fifth of global seaborne oil trade and a significant share of liquefied natural gas (LNG) exports from the Gulf region.
Industry observers said the lack of movement reflects continuing uncertainty over security conditions in the area, particularly concerns surrounding naval mines, insurance coverage and the absence of formal assurances from Iranian
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