Shipping Industry Remains Wary Despite U.S.-Iran Agreement

Despite the recent U.S.-Iran agreement, shipping companies are still hesitant to use the Strait of Hormuz due to lingering fears of disruptions. Peter Aylott, director of policy at the UK Chamber of Shipping, emphasized that it may take a year for trade volumes to fully recover, as firms need concrete evidence of safe passage. This reluctance underscores the industry's caution and the potential long-term impact on global oil prices, reflecting the broader geopolitical tensions that still shadow the region.