Shipping risks mount despite US-Iran agreement to pause strikes
- Two vessel attacks since Friday have created a new air of caution around shipowners as they reassess risk to crew and vessel
- Fragility of ceasefire has made it challenging for players to make informed decisions about strait transits, given lack of clarity around terms that could be open to interpretation
- An analyst observed a rise in seafarers refusing transits through the strait since Friday, making transits logistically harder
Vessels have crossed the strait over the weekend despite the fragility of the current MOU, but participants do not see a return to pre-war levels any time soon even as the US and Iran promised to stop attacks and scheduled another round of discussions on Tuesday
