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[Following the Ceasefire: Hundreds of Tankers Remain Stranded in the Strait of Hormuz; Shipping Industry Calls for Operational Details, Two-Week Window Deemed "Too Short"] ⑴ Following the two-week ceasefire agreement reached between the US and Iran, shipping companies seeking to restore tanker passage through the Strait of Hormuz are urgently seeking clear logistical guidance, while refiners are inquiring about new crude oil loading arrangements. ⑵ Iranian Foreign Minister Araqchi stated that if attacks on Iran cease, Iran will cease retaliation and provide safe passage, in coordination with the armed forces and taking into account technical limitations. ⑶ Data from ship tracking agency Kpler shows that as of Tuesday, approximately 187 fully loaded tankers carrying 172 million barrels of crude oil and refined products were stranded in the strait. Li Daizhen, Global Head of Research at Fertmax FZCO, stated that even under normal conditions, clearing the backlog could take more than two weeks, and the 14-day window is simply insufficient to restore the confidence levels needed to completely eliminate the uncertainty premium. (4) Jacob Larsen, Chief Safety and Security Officer of the shipping association Bimco, stated that the industry is awaiting technical details from both the US and Iran, and leaving the Gulf without prior coordination would be riskier and undesirable. (5) Two shipbrokers indicated that shipowners are likely to remain cautious until vessels are allowed into the Gulf, but inquiries for very large crude carriers (VLCCs) carrying Middle Eastern crude to Asia surged on Wednesday, with several Asian refiners, including Reliance Industries, Indian Oil Corporation, and CNOOC, as well as traders such as Glencore and Total Energy, seeking capacity. (6) Maersk stated that a ceasefire could create opportunities for vessels to pass, but has not yet provided sufficient maritime security guarantees. The Indonesian Ministry of Foreign Affairs is coordinating with Iran to ensure the safe passage of two of its oil tankers, and the Chinese Ministry of Foreign Affairs hopes that all parties will work together to promote the early restoration of normal trade across the Strait. (7) From a psychological perspective, the initial relief from the ceasefire announcement is quickly being replaced by operational uncertainty. The game between shipowners and charterers is focused on the key issue of "who gets through first." Ships from countries with friendly relations with Iran are expected to be among the first to transit, while most blue-chip shipowners may wait several days to confirm the ceasefire's effectiveness. (8) Future focus will be on the technical clearance details to be released by the US and Iran, as well as the actual safety status of the first transit vessels. This will determine the release schedule of hundreds more ships and the speed of energy supply chain recovery.