Harry Dempsey, Alice Hancock and Andrew EnglandJun 29, 2026 – 5.24pmTokyo/London | The presence of mines means shipping through the Strait of Hormuz will operate at less than half of prewar levels for months even if a US-Iran peace deal holds, a top shipping executive has warned.Takaya Soga, chief executive of Japan’s NYK Line, which operates a fleet of more than 900 vessels, said shipping would only resume at much lower volumes because of the capacity constraints of safer routes through the strait that run close to Iran and Oman.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles