1,500 ships stranded in the Persian Gulf may take weeks or months to resume normal traffic.

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The risk-to-reward ratio remains a key concern as 1,500 ships remain stranded in the Persian Gulf, with normal traffic expected to take weeks or months to resume. Despite progress in reopening the Strait of Hormuz, shipping companies face challenges related to scheduling, permits, and mine risks. Traders employing a take-profit strategy may need patience, as energy prices remain elevated. BIMCO’s Jakob Larsen warned of the need for speed limits and coordinated scheduling to prevent accidents.

According to ME News, on May 25 (UTC+8), The New York Times reported that although the United States and Iran are nearing an agreement to reopen the Strait of Hormuz, the resumption of passage for approximately 1,500 vessels that have been stranded in the Persian Gulf for nearly three months will involve complex coordination, and global energy transportation is unlikely to return to normal in the short term. The report noted that even after the strait reopens, shipping companies will still need to address issues such as vessel prioritization, transit permits, route planning, and potential mine hazards. Industry experts anticipate that, even after the agreement is formally implemented, restoring daily vessel traffic to the pre-conflict level of 130 ships could take weeks or even months. Since the Strait of Hormuz handles about one-fifth of global oil and gas transportation, a slow recovery in logistics means international energy prices are unlikely to drop rapidly in the near term. Jakob Larsen, Head of Security at the Baltic and International Maritime Council (BIMCO), said authorities may need to implement speed restrictions and coordinated scheduling in the future to avoid risks of collisions or groundings. (Source: BlockBeats)

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