Habagh Lloyd plans Strait of Hormuz reopening
The German shipping company "Hapag-Lloyd" expressed optimism about the possibility of its ships passing through the Strait of Hormuz this week, following a preliminary agreement between the United States and Iran to halt military operations and ease tensions. This comes amid assessments by companies of the navigational risks in the strait, which accounts for nearly one-fifth of the world's oil consumption. The resumption of regular movement is expected to reduce costs and enhance stability in energy markets and maritime transportation.
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