economy

Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says

More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.

Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says

TL;DR

  • More than 11,000 seafarers are stranded in the Persian Gulf and will be evacuated through the Strait of Hormuz.
  • The evacuation plan is backed by Iran and the United States, with cooperation from Oman and other regional states.
  • Temporary maritime corridors will be used for safe navigation, as prewar shipping lanes are deemed unsafe.
  • Iran has reportedly mined large segments of Hormuz.
  • The operation follows a memorandum of understanding between Iran and the U.S. to reopen Hormuz.
  • Ship traffic has increased since the MOU but remains below prewar levels.
  • The Strait of Hormuz is vital for global energy markets, with about 20% of oil supplies passing through it before recent conflicts.