Shipping giant says it will take weeks to resume Hormuz transit despite Iran deal

World iranTop NewstradeUnited Statesus Shipping giant says it will take weeks to resume Hormuz transit despite Iran deal It Will Take Weeks To Resume Hormuz Transit Despite Iran Deal Relevant News Shipping giant says it will take weeks to resume Hormuz transit despite Iran deal 16 June 2026 Eight crew believed dead in B-52 bomber crash at California air base, CNN reports 16 June 2026 ‘Mafia State’ corruption report probe attributes criminal liability to more than ten people 16 June 2026 Newsroom 16 June 2026 FacebookXWhatsAppEmailPrintViber Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident the US-Iran deal is “material,” the chief executive of Japan’s Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday. The war that began on 28 February with US-Israeli strikes largely halted shipping through the strait, a transit route for around a fifth of the world’s oil and liquefied natural gas supply as well as products such as aluminium and urea. Mitsui O.S.K., one of Japan’s three largest shipping firms, operates a fleet of more than 900 vessels, including bulk carriers, tankers and ferries. “What will have to come in place is not just a simple agreement between the relevant countries, but it has to be material and translated into the real situations in the Strait of Hormuz, so that shipping lines can make themselves comfortable to go through,” chief executive Jotaro Tamura told the FT, speaking before Trump announced the deal to end the war. “Given the experiences in the last couple of months, I think it’s reasonable to assume that it may take at least a couple of weeks or if not a month,” Tamura said. The FT reported that the agreement being finalised between Washington and Tehran had not changed his view. Mitsui O.S.K. did not immediately respond to a Reuters request for comment. Trump said in a Truth Social post that ships loaded with oil were already moving out of the strait, “going along the Southern ‘Highway,’ which is totally safe, secure, and pristine.” (Reuters) Read more: US, Iran reach deal to end war, signing set for Friday Subscribe to our Newsletter Latest News Eight crew believed dead in B-52 bomber crash at California air base, CNN reports ‘Mafia State’ corruption report probe attributes criminal liability to more than ten people Things to do on Tuesday, June 16 Kalle Nio: It is a gift to be able to experience boredom Cyprus overhauls taxi laws for first time in over two decades Warm and sunny week ahead with possible storms on Friday No more paying for your carry-on: EU seals landmark passenger rights deal Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.