There are mixed messages about whether the Strait of Hormuz is open. The U.S. says the southern route is open, but Iran says only if they get permission from the Persian Gulf Strait Authority. Iran wants to keep control of the Strait. Meanwhile, Iran and China are doing fine as the U.S. blockade is lifted.
The Strait of Hormuz is open on the southern route, but the traffic is not what it was even before the Houthis started attacking in 2023. The reason the Strait closed was that insurance companies wouldn’t cover the losses after Iran started bombing. No one is going to send a half-billion-dollar or billion-dollar ship through the Strait, paying $10 million in insurance.
Tariffs are coming back and could raise prices, along with the high gasoline costs.
We created a maritime world that isn’t tied to countries because they don’t get attacked. On the other hand, they will not come to the defense of nations.
The U.S. blockade is over, and Iranian ships are sailing without any problems. However, Iran is demanding control. Dr. Sal says there is no visible reciprocal agreement. That has to change.
The southern route in the Strait is open, but the Persian Gulf Strait Authority demands the right to grant or deny authority. So, ships are afraid to go through.
Meanwhile, the Russian Navy is attacking the waters off Odessa, causing transit problems in the forgotten war.
We have to end these wars.
