MOL CEO: Shipowners May Wait Weeks to Resume Hormuz Sailings After US-Iran Deal

Mitsui OSK Lines CEO Jotaro Tamura said shipowners will not resume sailing through the Strait of Hormuz for weeks, even after a US-Iran deal to reopen the waterway. According to BeInCrypto, Tamura said any agreement must prove “material” in practice before operators feel safe, estimating a return could take weeks or as long as a month. The strait carried more than a fifth of global oil and liquefied natural gas before conflict erupted in late February, with daily transits collapsing since. MOL operates more than 900 ships; it moved four vessels out of the Gulf and said at least seven still wait to transit.