Money and business
800 ships waiting to navigate through the Strait of Hormuz

800 ships are preparing to cross the Strait of Hormuz, which was declared open after a ceasefire agreement was reached between the United States and Iran.
The vital waterway had already been closed by Iran at the end of February.
Ships were stranded, unable to ensure the safety of thousands of sailors and their cargo, on both sides, and traffic slowed dramatically.
Shipowners in Asia, the Middle East, and Europe received the prospect of reopening the strait with relief and caution. There was little change in maritime traffic around the strait on Wednesday, although many said they were contacting insurance companies and security advisers and had put their ships on alert.
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