Mitsui OSK expects Hormuz shipping restart to take weeks
Why it matters: The strait handles about a fifth of global oil and LNG supply, and insurers and governments must sign off before traffic resumes.
The Business Times (Singapore), The Hill
Why it matters: The strait handles about a fifth of global oil and LNG supply, and insurers and governments must sign off before traffic resumes.
What's next: The carrier said sailings will stay paused until safety is verified with governments, insurers and other stakeholders.