Shipowners are closely monitoring a newly agreed ceasefire that could temporarily open the Strait of Hormuz, allowing over 800 vessels trapped in the Persian Gulf to navigate through. The closure of this vital waterway has created a global energy supply crisis, exacerbated by Iran's tightened control following recent US and Israeli strikes. As a result, thousands of seafarers have been stranded aboard their ships, facing dwindling supplies and psychological stress. The Japanese Shipowners’ Association expressed cautious optimism but emphasized the need for clarity regarding the ceasefire terms. While Iran has stated it will allow safe passage for two weeks, the specifics of the agreement remain murky. Experts warn that even with a ceasefire, it will take time to restore normal shipping flows, as trust in safety must be reestablished among tanker owners, insurers, and crews. In peacetime, approximately 135 ships transit the strait daily, a number that has drastically decreased during the recent tensions.