Anticipation of Passing 800 Stuck Ships in the Strait of Hormuz After Iran War Ceasefire
SadaNews: Shipping companies said today, Wednesday, to CNN that ship owners are awaiting reliable guarantees to move through the Strait of Hormuz.
According to maritime shipping company data, traffic in the Strait of Hormuz remains limited and minimal.
Ship owners around the world are awaiting details of the ceasefire agreement between the United States and Iran, which may open a temporary window for the resumption of navigation in the Strait of Hormuz and rescue more than 800 ships stuck in the Gulf.
Oil and gas tankers constitute the majority of the stuck vessels, according to data from Kepler, with currently 426 crude oil and fuel tankers, in addition to 34 liquefied petroleum gas tankers and 19 liquefied natural gas tankers. The remaining ships carry goods such as agricultural or mineral products.
Experts warned that the resumption of navigation would not be immediate, as shipping and insurance companies need to ensure that risks have decreased before resuming operations normally.
Meanwhile, around 20,000 sailors are facing difficult humanitarian conditions, including supply shortages and stress, according to the International Maritime Organization.
A temporary halt to fighting and the reopening of the Strait of Hormuz could allow exporters in the Middle East to ship large quantities of oil that have remained stuck in the Gulf since the start of the war.
Data from Kepler Analytics shows that there are approximately 130 million barrels of crude oil and 46 million barrels of refined fuel currently in the region aboard nearly 200 tankers.
U.S. President Donald Trump said today, Wednesday, that the United States will help address the maritime backlog in the Strait of Hormuz.
Trump had agreed yesterday, Tuesday, to a two-week ceasefire with Iran less than two hours before the deadline he set for Tehran to reopen the Strait or face attacks on its civilian infrastructure.
Trump stated that the last-minute agreement is conditioned on Iran's consent to stop obstructing the passage of oil and gas supplies through the Strait, through which about one-fifth of global oil shipments typically pass.
He stated in his remarks today, Wednesday, "We will be loading all types of supplies, and we will only remain in the neighborhood to ensure everything goes smoothly."
He continued: "There will be a lot of positive measures! And huge amounts of money will be made. Iran can start the reconstruction process."
Trump told AFP that the United States achieved a "complete and total victory" after agreeing to the ceasefire deal with Iran.
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