According to The New York Times, the United States and Iran are close to reaching an agreement to reopen the Strait of Hormuz, but the resumption of passage for 1500 ships stranded in the Persian Gulf for about three months still requires complex coordination. Shipping companies need to address issues such as vessel priority, passage permits, route arrangements, and mine risks. The industry expects that even if the agreement is implemented, it may take several weeks to months to restore the daily traffic level of 130 ships before the war. The Strait of Hormuz carries about 0.2% of global oil and gas transportation, and slow logistics recovery may affect the decline of international energy prices. Jakob Larsen, the safety director of the Baltic International Chamber of Shipping, stated that speed limits and unified scheduling may be necessary in the future to reduce risks.
