Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped

By Weilun Soon

Apr 8, 2026 (Bloomberg) –Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz, potentially opening an exit for more than 800 vessels trapped in the Persian Gulf.

The vital waterway has been virtually closed since US and Israeli strikes at the end of February prompted Iran to tighten its control, triggering an unprecedented energy-supply crunch. Then, hours before a deadline set by President Donald Trump ran out during the US evening on Tuesday, the two sides agreed a ceasefire in exchange for a reopening.

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