Strait of Hormuz Reopening Plagued by Lack of Clear Guidance

"Security situation for the shipping industry remains volatile, and we still consider it very risky for ships to commence transits at this point," BIMCO- world's largest shipping association.

• “Statements by the U.S. and Iran are currently unclear and do not offer sufficient information,”- shipping association BIMCO.

• IMO is urging organized, coordinated efforts to clear mines in the Strait of Hormuz and to avoid vessel collisions.

• Wood Mackenzie stresses energy markets need to focus on sustained restoration of trade, not on headlines.

The world’…