Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz
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Despite Donald Trump's vow to ensure the free flow of energy through the Strait of Hormuz and the announcement of a $20 billion reinsurance scheme, shipping activity remains severely limited. Since the announcement, only two vessels not linked to Iran or Russia have traversed the strait. One vessel switched off its transponder while the other signaled it was Chinese owned and crewed. Normally, around 100 vessels transit the Strait of Hormuz daily, but Iranian actions in response to US and Israeli attacks have effectively shut it down. The limited crossings highlight the continued risks and challenges for ships navigating the strategically important waterway.
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