Shippers eye Iran Hormuz reopening with wariness

Posted 3 hours ago by

Al-Monitor

Shipping industry figures gave a cautious welcome Friday to Iran's announcement that it was reopening the crucial Strait of Hormuz trade route to commercial freight after nearly seven weeks closed.Iranian forces' closure of the strait has trapped hundreds of ships in the Gulf and driven up the costs of shipping goods, with captains avoiding the region for fear of attacks or mines.A spokesman for German transportation giant Hapag-Lloyd, which has ships stuck in the Gulf, told AFP by phone that the reopening was in general...