Over 1,000 Vessels Remain In Persian Gulf

08:01 24.6.2026

Nearly 1,150 ships are still stuck in the Persian Gulf despite the initial agreement between Iran and the United States to end the war, Alliance, Germany’s largest insurance company, announced.

The insurance company estimates the total value of these vessels and their cargoes at around $125 billion.

Justus Heinrich, a senior expert in the commercial sector at Alliance Insurance, emphasized that “shipping has been held hostage in this war,” saying that even if conditions in the Strait of Hormuz return to normal, it will take weeks for the ships to leave the region and transfer their cargoes to their final destinations.

Despite the initial agreement between Iran and the United States, shipping companies continue to assess the risk level in the Persian Gulf region as high. A few days ago, following the resurgence of fighting in Lebanon, Iran announced once again the temporary closure of the Strait of Hormuz, which fueled concerns among shipping companies.

Heinrich said international shipping organizations and German shipowners are still unable to accurately assess the risks to their vessels and crews, and as a result, “ships will not leave their anchorages as long as the situation remains the same.”

Iran has effective leverage, he said, noting that 20 and 25 percent of the world’s oil and liquefied gas shipments pass through the Strait of Hormuz.

Source: blockade-gulf-israel/33640284.html?lbis=460506

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