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Shipowners Owners Brace for Hormuz Reopening as Peace Deal Nears
Shipowners are watching warily for a US-Iran peace deal and its implications for the Strait of Hormuz. About 127 oil tankers are currently in the Persian Gulf with dozens positioned near the strait. While reopening remains uncertain, some predict a rush if the waterway fully opens, though industry bodies warn extreme traffic levels could increase crash risks.
