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Strait of Hormuz Mine Threat Could Delay Full Shipping Recovery for Weeks
The reopening of the Strait of Hormuz following the recent US-Iran agreement may not immediately restore normal shipping operations, according to maritime security experts. Industry assessments suggest that clearing the strategic waterway of potential naval mines could take between 40 and 50 days before shipping companies, insurers and oil traders regain full confidence.
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The reopening of the Strait of Hormuz following the recent US-Iran agreement may not immediately restore normal shipping operations, according to maritime security experts. Industry assessments suggest that clearing the strategic waterway of potential naval mines could take between 40 and 50 days before shipping companies, insurers and oil traders regain full confidence.
Shipping Industry Remains Cautious
Despite the peace framework announced by the United States and Iran, shipping groups continue to warn about safety risks. Jakob Larsen, Chief Safety and Security Officer at BIMCO, said the threat of naval mines remains a serious concern and that safe shipping routes must first be verified.
The exact number of mines in the area remains unknown. US officials have previously warned that Iran may have mined parts of the waterway, while Germany’s navy cited information suggesting mines were detected in several locations near the strait. However, those reports have not been independently confirmed.
Oil Markets and Global Trade at Risk
Even unconfirmed reports of mines can discourage shipping activity. Industry experts note that a single mine could cause major damage, threaten lives and disrupt global trade. A fully loaded supertanker and its cargo can be worth around $300 million, making safety assurances essential before vessels return.
Traffic through the strait remains far below normal levels. Recent data shows only 12 to 15 ships passing through daily, compared with 120 to 140 vessels before the conflict. Maritime security specialists estimate Iran could still possess up to 1,000 naval mines, raising concerns that mine-clearing operations may take weeks or even months.
Officials from the United Nations’ shipping agency welcomed the agreement to reopen the waterway but stressed that restoring safe and secure navigation will take time before normal commercial activity can fully resume.
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Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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