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Market Chatter: Shipping Firms Reassess Hormuz Sailings as US-Iran Tensions Intensify

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After President Donald Trump said the US ceasefire with Iran had ended, shipowners expressed differing views on continuing voyages through the Strait of Hormuz, Bloomberg reported Wednesday.

Bloomberg said three of the five shipowners it contacted were reviewing whether conditions remained safe for Hormuz crossings, while two said they had not changed their operating policies.

The report said South Korean shipping major Sinokor's position on future transits remained uncertain after one of its tankers came under attack Tuesday, with shipbrokers saying they had not received updated guidance from the company. Sinokor could not be reached for comment despite multiple attempts by.

Vessel traffic appeared lighter along Oman's side of the Strait of Hormuz, where ships have increasingly favored a shipping lane outside Iranian waters amid heightened regional tensions.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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