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Shippers Seek Clarity on Hormuz Reopening After US-Iran Ceasefire ...

On Tuesday, April 7, the US-Iran agreed to a ceasefire to reopen the Strait of Hormuz, with President Donald Trump announcing a "COMPLETE, IMMEDIATE, and SAFE OPENING" while Iran cited "technical limitations."
Following US and Israeli strikes, Iran tightened control in the Persian Gulf, causing an unprecedented global energy supply crunch that left more than 800 ships trapped in the vital waterway.
International Maritime Organization tallies indicate 20,000 civilian seafarers are currently aboard these ships, which include 426 tankers, 34 liquefied petroleum gas carriers, and 19 liquefied natural gas vessels.
Ship owners are scrambling to understand the ceasefire's fine print, while Professor Jennifer Parker, adjunct professor at the University of Western Australia Defence and Security Institute, cautioned that "You dont switch global shipping flows back on in 24 hours."
Details regarding the truce remain murky, as it is unclear when the agreement takes effect or if payments were settled, leaving most industry observers waiting for further confirmation.

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