Ceasefire opens door for trapped Gulf shipping. More than 800 vessels have been stranded in the Persian Gulf after weeks of heightened tensions closed the Strait of Hormuz, creating a critical global energy supply crisis. A ceasefire agreement between the US and Iran offers a potential window to resume operations, though significant uncertainty remains. Iran committed to two weeks of safe passage with its armed forces, while the Trump administration announced complete and immediate opening. Industry experts urge caution, noting that restoring normal shipping flows takes time. Tanker owners, insurers and crews need concrete assurance that risks have genuinely decreased. Currently stuck are 426 crude tankers, 34 LPG carriers, and 19 LNG vessels, plus dry cargo ships. Approximately 20,000 seafarers remain onboard facing supply shortages and psychological stress.
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