Norden expects ships stuck in Strait of Hormuz all year amid US-Iran tensions

Norden Shipping anticipates vessels will remain stuck in the Strait of Hormuz throughout the year due to ongoing US-Iran tensions, leading to potential WTI crude oil price increases. The probability of Trump announcing the lifting of the Hormuz blockade by May 31 has decreased. CIA assessments suggest the Iranian blockade could last for at least four more months.