A brief ceasefire between the US and Iran may provide a window for more than 800 vessels stranded in the Persian Gulf to depart, Bloomberg reported. However, key details of the ceasefire remain unclear. Iran stated it agreed to allow safe passage of ships through the Strait of Hormuz for two weeks, subject to coordination by its armed forces and technical restrictions. US President Donald Trump said in a social media post that the US would help direct traffic and remain nearby to ensure smooth passage.Related NewsM Stanley Raises COSCO SHIPPING Energy (01138.HK) TP to HKD26, Rates OverweightMeanwhile, shipowners across Asia, the Middle East and Europe expressed both relief and caution over the potential reopening of the strait. No immediate change in traffic has been observed near the waterway. Some shipowners said they have contacted insurers and security advisers and have vessels on standby.A spokesperson for Maersk, the world's second-largest shipping company, said the ceasefire could create an opportunity for transit but does not yet provide sufficient maritime certainty. The company needs clarity on all potential attached conditions, noting that information remains limited. Nippon Yusen (9101.JP) also said it is closely monitoring developments.
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