Six hundred stranded ships dare not act rashly, and shipowners are watching for details of the agreement on the Strait of Hormuz.
Ship owners and traders are cautious about the agreement to potentially reopen the Strait of Hormuz in a few days. Many have stated that, given the back and forth nature of the past few months regarding whether or not the strait would reopen, they will wait for more details to be released in order to assess if it is truly safe to navigate. With limited information currently available, after news spread early Monday morning, there was almost no other activity on the strait, except for a liquefied natural gas tanker named Disha heading towards the Strait of Hormuz. According to Kpler, nearly 600 ships are still stuck in the Persian Gulf, ready to depart at a moment's notice, while on the other side of the strait, there are also hundreds of empty ships waiting to enter. Theoretically, the opening of the strait would release millions of barrels of oil, but in reality, there are still many obstacles to overcome, including seemingly simple issues such as the need to clear barnacles attached to ship hulls, and the competition for passage order in narrow channels. As more ships that have turned off their transponders are included in the count, the exact number of observed vessels may change.
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