{"id":7920,"date":"2026-06-16T13:35:54","date_gmt":"2026-06-16T05:35:54","guid":{"rendered":"https:\/\/moresourcing.com\/shipowners-hold-hormuz-transit-until-us-iran-deal-proves-materialutm_sourcerss_feed\/"},"modified":"2026-06-16T13:35:54","modified_gmt":"2026-06-16T05:35:54","slug":"shipowners-hold-hormuz-transit-until-us-iran-deal-proves-materialutm_sourcerss_feed","status":"publish","type":"post","link":"https:\/\/moresourcing.com\/en\/shipowners-hold-hormuz-transit-until-us-iran-deal-proves-materialutm_sourcerss_feed\/","title":{"rendered":"Shipowners hold off on Hormuz transit until US-Iran deal proves \u2018material\u2019"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/moresourcing.com\/wp-content\/uploads\/2026\/06\/Shipowners-hold-off-on-Hormuz-transit-until-US-Iran-deal-proves.jpg\" \/><\/p>\n<div id=\"\">\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Shipowners \u2060will not resume transit through \u2060the Strait of Hormuz for weeks until they are confident that the US-Iran deal is \u201cmaterial\u201d, the CEO of Japan\u2019s Mitsui O.S.K. Lines told the Financial Times in an interview published \u200con Tuesday.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Iran war that began on February 28 with US-Israeli strikes largely stopped shipping through the transit route for around a fifth of the world\u2019s oil and liquefied natural gas supply, along with products such as aluminium and urea.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Mitsui O.S.K., one of Japan\u2019s \u2060big three shipping firms, has a fleet of more than 900 vessels, including \u200cbulk carriers, tankers and ferries.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWhat will have to come in place is not just a simple agreement between the \u200crelevant countries, but it has to be material and translated into \u2060the real \u2060situations in the Strait of Hormuz, so that shipping lines can make themselves comfortable to go \u200cthrough,\u201d Mitsui O.S.K.\u2019s Jotaro Tamura told the FT before US President Donald Trump announced a deal to \u200cend the war \u200cin Iran.<\/p>\n<div class=\"methode-html-wrapper oembed-wrapper e1a5rv550 css-1llrc1m e1yqhwb40\" data-qa=\"Component-renderMap-StyledDiv\">\n<div class=\"c1 e2gky7d0 e1drg7e30 e1ciypty0 ehdmpxk0 css-1avyp1d e1hpd36k0\" data-qa=\"Component-Container\">\n<div class=\"e1hpd36k3 css-1w4b7vg e1x11wau0\" data-qa=\"SCMPYouTubeVideoFooter-VideoTitleContainer\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"25\" viewbox=\"0 0 24 25\" fill=\"none\" data-qa=\"SCMPYouTubeVideoFooter-StyledVideoRecorder\" class=\"css-1nnwg93 e1x11wau1\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M22 6.22926V18.4315L17.5463 13.9868V17.8655C17.5463 18.1618 17.4383 18.4248 17.2228 18.6531C17.0067 18.8829 16.7498 18.9967 16.4537 18.9967H3.13414C2.80989 18.9967 2.53968 18.8829 2.32425 18.6531C2.10808 18.4248 2 18.1618 2 17.8655V6.79519C2 6.49893 2.10808 6.23665 2.32425 6.00688C2.53968 5.77858 2.80989 5.66333 3.13414 5.66333H16.4537C16.7498 5.66333 17.0067 5.77858 17.2228 6.00688C17.4383 6.23665 17.5463 6.49893 17.5463 6.79519V10.674L22 6.22926Z\" fill=\"#001246\"\/><\/svg><\/p>\n<p>Iran confirms deal struck with US that will lead to reopening of Strait of Hormuz<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cGiven the experiences in the last couple of months, \u200cI think it\u2019s reasonable to assume that it may take at least \u2060a couple of weeks or if not a month,\u201d Tamura told the paper.<\/p>\n<\/div>\n<p>#Shipowners #hold #Hormuz #transit #USIran #deal #proves #material<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shipowners \u2060will not resume transit through \u2060the Strait of Hormuz for weeks until they are confident that the US-Iran deal is \u201cmaterial\u201d, the CEO of Japan\u2019s Mitsui O.S.K. Lines told the Financial Times in an interview published \u200con Tuesday. The Iran war that began on February 28 with US-Israeli strikes largely stopped shipping through the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-7920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shipowners hold off on Hormuz transit until US-Iran deal proves \u2018material\u2019 - MORE SOURCING LTD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moresourcing.com\/en\/shipowners-hold-hormuz-transit-until-us-iran-deal-proves-materialutm_sourcerss_feed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shipowners hold off on Hormuz transit until US-Iran deal proves \u2018material\u2019\" \/>\n<meta property=\"og:description\" content=\"Shipowners \u2060will not resume transit through \u2060the Strait of Hormuz for weeks until they are confident that the US-Iran deal is \u201cmaterial\u201d, the CEO of Japan\u2019s Mitsui O.S.K. Lines told the Financial Times in an interview published \u200con Tuesday. 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