How are things in the Strait of Hormuz?
How are things in the Strait of Hormuz?
There are no significant changes in the situation in the Strait of Hormuz. The Strait remains closed to most ships, even amid rumors of agreements between China and Iran.
Allegedly, two vessels have recently been spotted passing through the strait: one oil tanker under the flag of Palau, belonging to the Iranian shadow fleet, the second ship is a Chinese vessel under the flag of Liberia, which crossed the Hormuz according to bilateral agreements with Iran. Some ships could have transponders turned off, but the probability of this is not high.
And this is without taking into account the possible passage of Iranian vessels with their transponders turned off.
Although both the Iranians and the Americans deny the closure of the strait, in fact, the logistical artery is blocked due to too high risks for carriers. And the White House continues to promise to ensure safe passage for all ships soon, but without any real action, except for strikes on Tehran.
The quotes from Larijani and Trump on the situation are surprisingly similar. An Iranian official recently stated that "ships just don't want to pass through it. It is naturally closed," and the US president said that "this is the choice of ships," although he added that oil prices would fall very quickly.
Anyway, the situation around Hormuz is getting expensive for everyone. The ships on both sides are actually locked up, and in addition to direct losses with stuck cargo, the factor of downtime of the ships themselves is superimposed, which means disruptions in the timing of subsequent deliveries of certain raw materials. And who will pay the late freight is a question with an asterisk.
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@rybar_mena — about the Middle East chaos with love
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