Why reopening the Strait of Hormuz wont be enough to solve shipping woes and high oil prices | CNN Business
News Source : CNN
News Summary
- empty ships will need to sail back into the strait to keep the flow of goods moving.
- Experts say shipping lines won’t start entering the Persian Gulf as long as there’s a strong risk that the ceasefire is only temporary.
- Without new ships entering the Gulf to pick up the next loads of oil, fertilizer and other much-needed cargo, the benefits of hundreds of ships sailing out will prove to be short-lived.
- The shortages and elevated prices for oil and other goods are likely to continue for months.
Reopening the Strait of Hormuz is proving to be difficult. But even if the vital waterway fully opens and oil and other necessary cargo sail out, it wont be enough to return things to normal.Thats [+2882 chars]
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