"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization

"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization The top executive of Japan's largest shipping company told the Financial Times in an exclusive weekend interview that the path toward normalization in the Strait of Hormuz remains far more complicated than anticipated. He warned that shipping volumes may stay well below prewar levels for months, as IRGC-laid mines are forcing vessels into narrow, safer corridors near Iran and Oman. "The ...

By Tyler Durden