Shipping shrugs off Hormuz Strait incidents

Despite contradictory claims of increased tensions in Mideast Gulf waters and possible rapprochement between the US and Iran, the situation appears business as usual for freight

Washington and Tehran are once again in talks. The discussions are not public but likely address issues such as prisoners, regional conflicts and tensions, the US-led sanctions on Iran and the Islamic Republic’s a ambitions. And while the enmity between the two countries might seem impossible to bridge, the two parties were able to reach a wide-ranging accommodation relatively recently. The 2015 JCPOA deal loosened sanctions in exchange for Iran halting its nuclear projects, although of course that deal was subsequently scrapped when the Republicans retook the White House. But for a brief window while the JCPOA was in place, Iranian crude flowed into the market, including deliveries to Europ