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Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf

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Iran is planning to impose maritime service fees for ships crossing the Strait of Hormuz, a move that has heightened tensions with the United States and sparked uncertainty over future control of the waterway. In response, the International Maritime Organization has outlined a plan to evacuate stranded vessels and guarantee safe passage through the region.

    1. We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these operations.
    2. We have now started contacting the ships to start the evacuation.
    1. Given the elevated risk of collision in the current environment, a gradual and controlled evacuation of vessel traffic is required.
    1. However, it remains to be seen how long it's going to take for the strait to reopen, and until then, we see hundreds of ships stranded on both sides of Hormuz.
    2. Today, we've got a joint statement by the Omani and Iranian sides saying they are talking about mechanisms to reopen trade through the Strait of Hormuz. This is a positive indication.