whatsapp

Greek and Liberian Ships First to Transit Strait of Hormuz After Ceasefire

/media/TEM_Y8C3Rdf.webp © Image Copyrights Title

A Greek-owned bulk carrier and a Liberia-flagged vessel have become the first ships to transit the Strait of Hormuz following a ceasefire between the United States and Iran. According to maritime tracking data, the Greek-owned bulk carrier NJ Earth crossed the strait at 10:44 am CET. Earlier, the Liberia-flagged Daytona Beach transited at 8:59 am CET after departing Iran’s Bandar Abbas port.

The movements mark the first confirmed ship transits since the ceasefire came into effect, under a two-week truce between the two countries.

Iran’s Foreign Minister Abbas Araghchi said ships would be allowed safe passage through the strait during this period, subject to coordination with Iranian authorities and certain technical conditions.

Despite the development, uncertainty remains over the full terms of the agreement, including transit arrangements and operational timelines.

Shipping activity in the region continues to face challenges. More than 800 vessels are reported to be stranded in the Gulf, with operators preparing to resume movement cautiously.

Industry experts said that although the ceasefire is a positive step, the region will continue to be treated as high risk, and normal shipping operations are unlikely to resume immediately.

There are also indications that Iran and Oman may introduce transit charges for vessels, with reports suggesting a fee of around $2 million per ship, though this has not been officially confirmed.

The Strait of Hormuz remains a critical global energy route, carrying around 20 million barrels of oil per day, along with a significant share of global liquefied natural gas supplies.

Commnets 0
Leave A Comment

Related Posts
© Giorgia Meloni Says She Expected Relations With Trump to Be Easier

Giorgia Meloni Says She Expected Relations With Trump to Be Easier

Italian Prime Minister Giorgia Meloni has acknowledged that her relationship with U.S. President Donald Trump has proved more difficult than she initially expected, despite areas of political agreemen...

© Bitcoin Climbs Above $70,000 as ETF Inflows and Lower U.S. Yields Lift Crypto Market

Bitcoin Climbs Above $70,000 as ETF Inflows and Lower U.S. Yields Lift Crypto Market

Bitcoin moved back above $70,000, reaching its strongest level in more than two months as falling U.S. Treasury yields, renewed institutional demand and improving regulatory sentiment brought buyers b...

© SK Hynix Shares Jump Over 12% After $28.6 Billion Buyback Plan

SK Hynix Shares Jump Over 12% After $28.6 Billion Buyback Plan

Shares of SK Hynix surged more than 12% in Seoul on Thursday, August 20, after the South Korean chipmaker unveiled a major 40 trillion won ($28.6 billion) share buyback and cancellation programme....

© European Bond Yields Hit Multi-Year Highs as Iran War Fuels Inflation Fears

European Bond Yields Hit Multi-Year Highs as Iran War Fuels Inflation Fears

European government bond yields climbed to multi-year highs as rising oil prices and continued uncertainty around the Iran conflict revived concerns over inflation and the possibility of tighter monet...

© Electric Car Adoption Accelerates Across Europe as Nordic Countries Lead

Electric Car Adoption Accelerates Across Europe as Nordic Countries Lead

Europe’s shift towards battery-electric cars is gathering pace, but the transition remains sharply divided between countries, with Nordic markets leading adoption while several southern and eastern Eu...

© EU Pushes for Payment Sovereignty as Digital Euro and Local Networks Gain Ground

EU Pushes for Payment Sovereignty as Digital Euro and Local Networks Gain Ground

Europe is accelerating efforts to reduce its dependence on US-controlled payment networks as policymakers increasingly view financial infrastructure as a strategic issue rather than simply a question ...

© Google Reshuffles AI Leadership as Gemini Race Intensifies

Google Reshuffles AI Leadership as Gemini Race Intensifies

Google has reorganized its artificial intelligence leadership as it looks to strengthen Gemini and compete more aggressively with rivals such as OpenAI and Anthropic....

© Wall Street Backs Nvidia’s $500 Billion AI Infrastructure Financing Push

Wall Street Backs Nvidia’s $500 Billion AI Infrastructure Financing Push

Nvidia CEO Jensen Huang is pushing a new model for financing the global artificial intelligence boom, with some of Wall Street’s biggest investment firms preparing to treat AI infrastructure as a majo...

© Revolut Secures Full French Banking Licence as European Expansion Accelerates

Revolut Secures Full French Banking Licence as European Expansion Accelerates

Revolut has secured a full banking licence in France, giving the digital finance company a new regulatory base for its expanding operations across Western Europe....

© Poland Becomes EU’s Sixth-Largest Economy as GDP Reaches €923 Billion

Poland Becomes EU’s Sixth-Largest Economy as GDP Reaches €923 Billion

Poland has become the sixth-largest economy in the European Union, with its nominal gross domestic product reaching approximately €923 billion in 2025, placing it behind only Germany, France, Italy, S...

© Wizz Air Reports €183.3 Million Quarterly Operating Loss

Wizz Air Reports €183.3 Million Quarterly Operating Loss

Wizz Air has reported a quarterly operating loss of €183.3 million, as rising fuel expenses and softer airfares weighed on the European low-cost airline’s financial results....

© Trump Administration’s $1.22 Billion RWE Deal Pushes Offshore Wind Buybacks Near $4 Billion

Trump Administration’s $1.22 Billion RWE Deal Pushes Offshore Wind Buybacks Near $4 Billion

The Trump administration has reached a $1.22 billion agreement with German energy company RWE that will see the group give up three offshore wind leases in the United States, pushing the value of simi...

© Infineon Posts Record Revenue as AI Data-Centre Demand Accelerates

Infineon Posts Record Revenue as AI Data-Centre Demand Accelerates

German semiconductor manufacturer Infineon Technologies reported record quarterly revenue as growing investment in artificial intelligence infrastructure strengthened demand for its power-management c...

© Apple Pay Launches in the Philippines With Support From Four Major Banks

Apple Pay Launches in the Philippines With Support From Four Major Banks

Apple Pay has officially launched in the Philippines, allowing eligible customers to make contactless payments using an iPhone, Apple Watch, iPad or Mac at participating stores, applications and websi...

© Visa to Acquire BioCatch for $2.4 Billion to Strengthen AI Fraud Protection

Visa to Acquire BioCatch for $2.4 Billion to Strengthen AI Fraud Protection

Global payments leader Visa has agreed to acquire Israeli cybersecurity company BioCatch for $2.4 billion in cash, strengthening its fraud prevention capabilities as financial institutions face a grow...

© Eurozone Inflation Rises to 2.9% as Energy Costs Drive Price Pressures

Eurozone Inflation Rises to 2.9% as Energy Costs Drive Price Pressures

Inflation across the eurozone accelerated to 2.9% in July, ending June's brief slowdown as higher energy prices pushed consumer costs upward across the currency bloc, according to preliminary figures ...

© Eurozone Inflation Rises to 2.9% in July as Energy Costs Accelerate

Eurozone Inflation Rises to 2.9% in July as Energy Costs Accelerate

Annual inflation across the eurozone accelerated to 2.9% in July, reversing June's slowdown as higher energy prices pushed consumer costs higher, according to preliminary data released by Eurostat on ...

© Eurozone Growth Surpasses Forecasts in Q2 2026 as Ireland Tops Europe’s Fastest-Growing Economies

Eurozone Growth Surpasses Forecasts in Q2 2026 as Ireland Tops Europe’s Fastest-Growing Economies

The eurozone economy expanded more strongly than expected during the second quarter of 2026, with Ireland emerging as Europe's fastest-growing economy as preliminary data pointed to greater resilience...

© BMW to Cut 8,000 Jobs in Global Cost-Saving Drive

BMW to Cut 8,000 Jobs in Global Cost-Saving Drive

BMW plans to reduce its global workforce by around 8,000 jobs as part of a major cost-cutting programme aimed at improving efficiency and strengthening long-term competitiveness, according to company ...

© Spain's Unemployment Rate Falls to Lowest Level Since 2008

Spain's Unemployment Rate Falls to Lowest Level Since 2008

Spain's unemployment rate dropped to its lowest level since 2008 during the second quarter of 2026, as strong seasonal hiring and continued labor market growth pushed employment to a new record, accor...