"President Trump stated that negotiators for the U.S. and Iran will likely meet again this weekend, expecting a deal to end the war in a day or two. However, Iranian state media warned that the strait will close again if the U.S. blockade continues."
"Shipping firms like Maersk and Hapag-Lloyd are ready to sail through the Strait of Hormuz but only once they receive guarantees from Iran that their ships are not at risk."
Despite President Trump's assurance that the Strait of Hormuz is open, ships are not sailing through due to safety concerns. Iran has stated the strait is open for commercial shipping but has set conditions for passage. The U.S. naval blockade will continue until a deal is reached. Investors reacted positively to the news, with oil prices dropping and markets rising. Shipping firms are hesitant to send vessels without guarantees of safety from Iran, indicating ongoing uncertainty in the region.
Read at www.mediaite.com
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