Strait of Hormuz shipping recovery could take weeks, tanker chief says

AI Summary

Shipping traffic through the Strait of Hormuz is expected to recover slowly despite a U.S.-Iran agreement to reopen the waterway. The chief executive of Mitsui OSK Lines notes that normalization will not be immediate due to ongoing operational and geopolitical challenges.

Shipping traffic through the Strait of Hormuz is unlikely to return to normal immediately despite a U.S.-Iran agreement to reopen the key waterway, the Financial Times reported on Tuesday, citing the head of tanker operator Mitsui OSK Lines. Jotaro Tamura, chief executive of Mitsui OSK Lines, the world’s largest tanker operator by number of vessels, ...