Tankers dominate coordination with PGSA for safe crossings as truce talks stall
- PGSA today released data showing that tankers make up the majority of vessels requesting safe passage across the Strait of Hormuz
- More than 300 non-Iranian vessels have been in contact with the PGSA since it was first established in April
- An immediate return to pre-war levels of traffic is unlikely. Time will be needed if an agreement is signed given inherent security threats that will need to be resolved
Iran’s grip on the strait is seemingly tight, with an official stating it will continue managing transits even with an agreement. Shipowners will have to navigate sanctions uncertainties without clear guidance from both the US and Iran on Hormuz crossings
