Strait of Hormuz transit will take 'weeks' to resume, largest tanker operator tells FT (opens original article in a new tab)

Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is 'material', according to the CEO of Mitsui O.S.K. Lines.

• Shipowners will not resume transit through the Strait of Hormuz for weeks
• Transit will resume only when US-Iran deal is 'material'
• Mitsui O.S.K. Lines CEO made the statement to Financial Times