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Strait of Hormuz shipping traffic is effectively at a standstill despite Iran ceasefire

News Snapshot:

Ships trapped in the Persian Gulf “will be interested in leaving as soon as it is safe to do so,” said Jakob Larsen, chief safety and security officer at BIMCO, a leading organization for shipowners, charterers, brokers and agents. But the industry, he said, was awaiting “technical details from the U.S. and from Iran on how to transit the Strait of Hormuz safely.”Open or not?Iran has insisted that ships wanting to transit the strait must secure its permission and has suggested it retains the right to impose a fee for passage. The Iranian navy released a map late Wednesday indicating…

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