Many shipowners are just waiting for the threat assessment to be downgraded before crossing Hormuz, Frontline CEO Lars Barstad said.

David Warrick, an executive vice president at Overhaul, joined “Forbes Newsroom” to discuss what could happen to global shipping should the Strait of Hormuz fully open.

Many shipowners are just waiting for the threat assessment to be downgraded before crossing Hormuz, Frontline CEO Lars Barstad said.

Iran appears to be letting tankers through on a case-by-case basis as it exploits its newfound leverage over the Mideast Gulf's oil and LNG exports.

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports…

Shipowners are closely monitoring a potential US-Iran peace deal and its implications for the Strait of Hormuz. While some express caution, others anticipate a surge in activity…