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Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the chief executive of Japan’s Mitsui OSK Lines told the Financial Times, Reuters reports.
“What will have to come in place is not just a simple agreement between the relevant countries, but it has to be material and translated into the real situations in the Strait of Hormuz, so that shipping lines can make themselves comfortable to go through,” Mitsui OSK’s Jotaro Tamura said.
