Shipping: Hormuz shipping activity remains low despite the recent ceasefire between the US and Iran.
🚢 Shipping in the Strait of Hormuz is still stalled despite the US-Iran ceasefire. Vessels require Iranian coordination to transit, limiting traffic to smaller operators. Major shipping firms are staying away due to insurance issues. Global oil supply remains at risk! ⚓️ #StraitOfHormuz #OilMarket
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