HSBC’s Jain on Hormuz Strait Reopening
Parash Jain, Global Head of Transport and Logistics at HSBC, says shipping companies remain in “wait-and-see” mode as the Strait of Hormuz edges closer to reopening under a US–Iran agreement.
He notes the next 40–50 days will be critical in determining whether more vessels can pass through, as de-mining operations are still underway. He does not expect significant movement in the short term.
He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)
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