While the debate continues over exactly what was agreed between the US and Iran regarding the Strait during the ceasefire, ask yourself the following question: What would we do if we were ship owners operating there?

I suspect—and please correct me if you disagree—that we would be far more inclined to get our equipment and colleagues out of there than to send them in. Ten ships out for every one or two in?

This, of course, highlights a larger point: the restoration of normal shipping activity through the Strait is not solely a decision for governments, nor is it something that switches on and off flawlessly.

#economy #markets #middleeastwar #StraitOfHurmoz