Strait of Hormuz remains 'de facto closed', no matter what the US says: Expert
Lars Jensen, CEO of Vespucci Maritime, says the economics and legalities of President Trump's proposed toll on the Strait of Hormuz made his U-turn on this inevitable. He also explains why he believes the Strait remains de fact closed despite U.S. assertions on the contrary, noting that freight rates and insurance premiums have surged on Trump's latest comments.
Lars Jensen, CEO of Vespucci Maritime, says the economics and legalities of President Trump's proposed toll on the Strait of Hormuz made his U-turn on this inevitable. He also explains why he believes the Strait remains de fact closed despite U.S. assertions on the contrary, noting that freight rates and insurance premiums have surged on Trump's latest comments.
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