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Analysis: Even if Hormuz resumes normal operation, 1,500 stranded ships will still take weeks or even months to fully resume passage.
BlockBeats News, May 25th, The New York Times reports that although the United States and Iran are close to reaching an agreement to reopen the Strait of Hormuz, the resumption of passage for nearly 1,500 ships stranded in the Persian Gulf for almost three months will still face complex coordination, and global energy transportation is unlikely to return to normal quickly in the short term.
The report states that after the Strait is truly reopened, shipping companies will still need to address issues such as vessel prioritization, passage permits, route arrangements, and potential mine risks. Industry insiders expect that even if the agreement is officially implemented, restoring to the pre-war level of 130 ships passing daily may take weeks or even months.
Since the Strait of Hormuz accounts for about one-fifth of global oil and gas transportation, slow logistics recovery also means that international energy prices are unlikely to fall rapidly in the short term. Jakob Larsen, Safety Director of BIMCO (Baltic and International Maritime Council), said that relevant authorities may need to implement speed limits and unified scheduling in the future to avoid risks of ship collisions or groundings.