Normal shipping will not resume in strait of Hormuz until 80 mines cleared
AI Summary
The United States ended its naval blockade on Iranian ports following a Memorandum of Understanding between the two nations, enabling oil tankers to resume passage through the Strait of Hormuz after months of restriction. Iran reopens the waterway without charging transit fees during the initial 60-day negotiation period on broader issues including its nuclear program. However, market analysts warn that full normalization of oil flows may be delayed by practical challenges including sea mine removal and maritime insurance barriers.
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Tanker owner trade body says centre of strait will remain closed for ‘some time’, with vessels risking running aground by taking Omani route
The centre of the strait of Hormuz is blocked with about 80 mines that will need clearing for normal shipping to resume, the independent tanker owner trade body has said.
Several vessels began to exit the Gulf through the key maritime chokepoint on Thursday, after the signing of a memorandum of understanding between the US and Iran.
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