In this episode of What’s Going no With Shipping?, we hit week 17 of the ongoing crisis in the Strait of Hormuz. Despite talk of ceasefires and memorandums of understanding, the reality on the water remains volatile. We dive into the latest vessel attacks, the surge in Iranian oil exports, and the growing complexity of navigating these vital shipping lanes. From the “racket” of new transit fees to the threat of 80+ sea mines, we break down why a return to “normal” is still far on the horizon. Key Highlights ⚓Fragile Ceasefire: Recent attacks on the container ship Ever Lovely and the tanker Kiki highlight the instability of the current US-Iran pause in strikes. ⚓Iranian Oil Surge: Following a US Treasury waiver, unsanctioned Iranian crude is flowing freely even as other shipping faces continued disruption. ⚓Transit “Rackets”: Discussion on the new Persian Gulf Strait Authority (PGSA) and

Source: Shipping Rackets and Sea Mines: The New Normal in Hormuz after 17 Weeks