Shipping: Hormuz shipping activity remains low despite the recent ceasefire agreement between the US and Iran.
🚢 The ceasefire between the US and Iran hasn't revived normal shipping in the Strait of Hormuz, one of the world's key oil routes. Vessels still need Iranian approval to transit, limiting traffic significantly. Major shipping firms are staying away due to risks. The situation could deepen the global supply crunch. 🌍 #Oil #Shipping #StraitOfHormuz
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