Ceasefire changes little for shipping in strait of Hormuz, experts say

Analysts expect only limited increase in shipping as vessels will still need to seek Iranian permission to transitMiddle East crisis – live updatesThere will be no “mass exodus” of ships through the strait of Hormuz, shipping analysts say, despite a two-week conditional ceasefire being agreed between the US and Iran with provision for the temporary reopening of the crucial maritime channel.Tehran said on Wednesday that it would offer safe passage in coordination with its armed forces, though its coastguards said any ship trying to transit without permission would be “targeted and destroyed”. Continue reading...