Hormuz risks stall tankers despite high rates, yet reopening may flood market

The US-Iran ceasefire might fail to benefit tanker owners despite rising nominal rates in Middle Eastern trades, according to some analysts, as security and legal risks loom large over transits through the Strait of Hormuz. On April 7, US President Donald Trump said he agreed to suspend attacks on Iran’s infrastructure for two weeks, conditional on Iran allowing ship traffic to return to normal atThe US-Iran ceasefire might fail to benefit tanker owners despite rising nominal rates in Middle Eastern trades, according to some analysts, as security and legal risks loom large over transits through the Strait of Hormuz. On April 7, US President Donald Trump said he agreed to suspend attacks on Iran’s infrastructure for two weeks, conditional on Iran allowing ship traffic to return to normal atRead More