Shippers seek clarity as Iran still controls Strait of Hormuz

On Day 1 of ceasefire, nearly 10 vessel exits have been reported by Rystad Energy, a Norway-based energy research firm, through the Strait of Hormuz. Of these, four are likely “dark” Iranian tankers, two are bulk carriers, and one is a mid-size tanker. “Looking ahead, there is little expectation that flows will normalise in the near term,” says Erik Grundt, Senior Data Analyst at Rystad Energy.

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While ship owners and charterers were preparing for a quick exit, they were also looking for more clarity on the terms and conditions for such a transit given the indications that Iran still exercises de-facto control over the strait.