Japanese shippers await Strait of Hormuz restart
Japanese shipping companies welcome the peace agreement between the United States and Iran, which is expected to reopen the Strait of Hormuz and reduce tensions in the region. However, they are awaiting more details about the agreement and the removal of mines before allowing their ships to pass, especially since approximately 38 Japanese vessels remain stranded in the strait due to halted navigation following the escalation of the conflict between the two parties. The strait is one of the most important global oil export routes, and oil prices dropped by 4% following the announcement of the agreement.
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