Despite Trump's assurances, shippers wait and see on Strait of Hormuz
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
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President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
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Odds that the Strait of Hormuz traffic will return to normal before August surpassed 50%, following U.S. President Donald Trump's announcement.
Experts say that there are significant obstacles preventing traffic from returning to the levels seen before the conflict began β security, mines and tolls.
US President Donald Trump claimed that crossings were resuming under his deal to end the war with Iran.
The months-long shutdown of the the crucial shipping route has rocked global oil markets and flowed through to all sorts of prices. How will the reopening change things, and how fast? Grouped from 3 articles across 3 sources.
A potential US-Iran agreement could lower energy-, fertilizer- and food prices in Africa if the Strait of Hormuz fully reopens. Oil exporters such as Nigeria and Angola might have to cope with less revenue, experts say. Grouped from 8 articles across 6 sources.
India alone has more than 18,000 sailors stuck across the Persian Gulf region. Some tell CBS News it feels like they're "in jail."