Vessel and Cargo Valued at $125 Billion Awaiting Gulf Passage, Allianz Says

(Reuters) – Around 1,150 cargo-carrying ships with an estimated vessel and freight value of $125 billion and as many as 20,000 seafarers are waiting to resume operations in the Gulf after the Iran war shut the Strait of Hormuz, Allianz Research said on Wednesday. “Even if the US and Iran agreement holds and the Strait … Read more