PNN – The Telegraph wrote in an article: The ship escort plan has been met with skepticism and confusion in the shipping industry, with many companies saying there is not enough detail to assess the risk.
According to the report of Pakistan News Network; The Telegraph wrote in an article: The ship escort plan has been met with skepticism and confusion in the shipping industry, with many companies saying there is not enough detail to assess the risk. World shipping did not trust Trump’s plan to pass through the Strait of Hormuz
While the US has promised to ensure safe passage, market participants stress that real threats remain, such as attacks, mines and tensions with Iran.
Even with a military escort, many ship-owners are reluctant to make the crossing because operational risks and insurance costs remain high.
Until the threat from Iran is reduced, a return to normal trade on this route seems unlikely.