Analysis: Even if the Strait of Hormuz reopens, it will still take weeks or even months for the 1,500 stranded vessels to fully resume passage.
BlockBeats news, on May 25, The New York Times reported that although the United States and Iran are nearing an agreement to reopen the Strait of Hormuz, the resumption of passage for about 1,500 vessels that have been stranded in the Persian Gulf for nearly three months will still face complex coordination. Global energy transportation is unlikely to return to normal in the short term.
The report said that even after the actual reopening of the strait, shipping companies will still need to address issues such as vessel priority, transit permits, route arrangements, and potential mine risks. Industry insiders expect that even if the agreement is officially implemented, it might take weeks or even months to restore the pre-war daily passage level of 130 ships.
Since the Strait of Hormuz is responsible for about one-fifth of global oil and gas transportation, slow logistical recovery also means that international energy prices are unlikely to fall quickly in the short term. Baltic and International Maritime Council (BIMCO) Head of Safety Jakob Larsen stated that relevant departments may need to implement speed limits and unified scheduling in the future to avoid risks of vessel collisions or groundings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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