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Tag: #OilMarkets

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Hormuz Strait Shipping Faces Serious Delays Despite Iran Deal

Naeem AkhtarJune 16, 202609 mins

The recovery of Hormuz Strait Shipping is expected to take several weeks even after diplomatic efforts to end the recent Iran conflict, according to the head of one of the world’s largest tanker operators. Industry executives say shipping companies remain cautious about returning vessels to one of the world’s most strategically important maritime routes until…

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About PNP

Press Network of Pakistan (PNP), registered with the Government of Pakistan since January 2011, is an Islamabad-based global newswire service that takes pride about its unbiased news reporting both in English and Urdu languages.

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