Japanese shippers welcomed the US-Iran peace agreement but are awaiting more details and mine clearance before allowing ships to transit the Strait of Hormuz. The Japanese Shipowners' Association said 38 Japanese-linked vessels remain stranded in the Gulf and noted reports of mines in the area, stating they cannot simply resume operations based on the announcement alone. Shipfinder data showed only one vessel entering and five exiting the strait on June 15, primarily smaller chemical tankers and cargo vessels. Lloyd's List reported that shipping companies and insurers are in no rush to return, with S&P Global Energy noting it will take time for comfort and insurance to be in place. A full return to pre-crisis normalcy is expected to take two to three months, with oil supply not returning to pre-March levels until H1 2027.
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