Shipping Industry Alarmed by Trump’s Plan for Strait of Hormuz

Donald Trump announced on Monday that the U.S. Navy would lead the movement of ships through the Strait. However, his "Project Freedom" has been met with skepticism from shipping companies and maritime experts.

The Guardian, reports that shipping experts are questioning whether Trump’s plan is a limited operation for specific vessels or a permanent measure. Approximately 20% of global oil and gas passes through this strategic waterway, but transit has been paralyzed since the onset of the conflict on February 28.

Sasha Mayer, General Secretary of the "Nautilus" seafarers' union, voiced the concerns of crews: "Seafarers are trapped in this waterway. Will the U.S. President's plan help them exit? Is this protection safe? What about sea mines? Are the ships insured? It is too early to tell if this news is good or if it creates even greater danger."

Similarly, a tanker captain told the BBC he would not risk attempting a transit yet. "As a captain, it is my duty to evaluate the situation. I must consider the lives of my crew and whether they are willing to gamble with this plan. This is a long process," he stated.

Despite Trump’s claims on Truth Social that he is doing his best for crews, many vessels remain stationary in the region. Jakob Larsen, Head of Maritime Safety & Security at "BIMCO," emphasized the need for clarity.

"Merchant ships require final clearance from Iran to pass through the Strait. Given Iran's warnings against any vessel attempting transit without coordination with the IRGC, the implementation of Trump’s so-called 'Project Freedom' risks a major resumption of hostilities," Larsen noted.

The White House’s move comes as the global economy teeters on the brink of recession. Oil prices have surged by 50% compared to pre-conflict levels, reaching record highs and fueling fears of a worldwide economic collapse.