Iran Allows Strait of Hormuz Transit Under Strict Conditions

Iran said foreign ships are allowed to cross the Strait of Hormuz as long as they aren’t supporting acts of aggression against the country and follow certain rules.

Via Transport Topics · 3 months ago

TJ asks:

Hey folks - if shipping routes through the Strait stay locked down or get delayed, how's that gonna hit your freight rates and delivery schedules? We talking price spikes or backups that change where loads are heading?

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