No sign Iran ceding control of Strait of Hormuz in ceasefire, with logjam expected to continue for weeks
A ceasefire deal between the US and Iran has not led to Iran ceding control of the Strait of Hormuz, and a logjam is expected to continue for weeks. Shippers are seeking clarity on logistics to revive tanker passage through the strait. Refiners are also inquiring about new crude loadings in response to the ceasefire.
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