The normalization of shipping through the Strait of Hormuz and a return to prewar traffic levels will take longer and will probably happen in a phased manner, even if the US and Iran finalize an interim deal to extend the ceasefire and reopen the strait.
Sources See Phased Return to Shipping on Back of Any US-Iran Deal
Some first movers could jump on any US-Iran interim deal, but industry sources say the shipping sector will broadly need greater confidence before vessels resume sailing.
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