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Strait of Hormuz crisis Political Risk and Trade Tankers and Gas

Hormuz reopening? Shipping isn’t holding its breath

  • Safe passage is gone. UNCLOS innocent passage has evaporated, and even Iranian-permitted convoys have been fired upon
  • Human and operational toll mounts: 11 seafarers killed, thousands stranded, while ‘Project Freedom’ shrinks to a token ‘Freedom Lite’
  • No quick return to normal, with Iranian transit fees risking sanctions and dangerous precedent; recovery is not the same as resilience

  • Opinion

At Intertanko’s Hong Kong summit, the shipping industry confronted a sobering reality: safe passage through Hormuz no longer exists, and resilience alone won’t bring it back

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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