The prospect of reopening the Strait of Hormuz remains uncertain, and the world's largest oil tanker operator says it will not rashly resume passage in the short term According to BlockBeats, on June 16th, although the United States and Iran have reached a preliminary agreement to reopen the Strait of Hormuz, the world's largest oil tanker operator, Mitsui Mercantile Shipping (MOL), stated that shipping companies will not quickly resume normal traffic until the agreement is confirmed to be transformed into a "safe, reliable, and unobstructed" actual shipping environment. Mitsui's CEO, Taro Tamura, stated that expectations for the reopening of the Strait of Hormuz have repeatedly failed in the past few months, so the industry remains cautious about the current agreement. It is expected that it may take several weeks or even a month for normal operations to resume. As of now, the company still has at least 7 ships waiting to pass through the strait. The Strait of Hormuz was responsible for over 20% of global oil and liquefied natural gas transportation prior to the conflict. The International Maritime Organization (IMO) is evaluating safe evacuation plans for approximately 500 stranded vessels and promoting the establishment of evacuation routes for seafarers who have been stranded for over 100 days. German shipping company Hapag Lloyd stated that the agreement is "encouraging" and expects stranded vessels to leave the relevant waters by the end of this week. However, the International Tanker Owners Association emphasizes that the resumption of navigation still requires independent risk assessments for each vessel. Data shows that before the outbreak of the conflict, about 135 ships passed through the Strait of Hormuz every day, and the current traffic volume has significantly decreased. Some shipowners are still operating, while others are waiting for the situation to further stabilize before resuming normal trade activities. [Original link]