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Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion
"Will the Iranian announcement be enough to deter them? Or will Iran need to resort to force and directly violate the MOU's terms?
AI Summary
The recent deal between the U.S. and Iran has sparked confusion among shipping companies regarding the status of the Strait of Hormuz. Shipping companies will ultimately determine whether the Strait of Hormuz is open for navigation, not the U.S. or Iran. This is because insurance companies will decide whether to cover ships passing through the strait, effectively determining its viability for trade. The latest agreement has already created uncertainty among shipping companies, highlighting the complex dynamics at play in the region.
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