Following a ceasefire agreement between the US and Iran, shipping activity in the vital Strait of Hormuz has started to resume, although at a cautious pace. The first few vessels have navigated the strait, yet many shipowners remain hesitant due to lingering risks and uncertainties surrounding the situation. Despite the truce, analysts emphasize that large-scale oil shipping will not recover quickly, with approximately 800 vessels still trapped and faced with a complex reopening process. The CEO of Hapag-Lloyd estimated that it could take 6 to 8 weeks for normal shipping operations to resume fully, even as optimism grows. While some shipping companies are monitoring the situation for potential opportunities, many are prioritizing safety and clarity over immediate action. Concerns about insufficient trust in the ceasefire persist, and marine insurers have indicated that heightened risks remain in the Gulf, contributing to ongoing shipping disruptions.