US President Donald Trump may say the US could end its military campaign against Iran in the next two to three weeks, but it will take far longer for ships to pour back back through the Strait of Hormuz.
Global shares are rebounding on hopes the war is nearing an end. Even if fighting were to end and crude prices fall, it will take time for gas prices at the pump to unwind and shipping to stabilize through the strategic waterway.
Shipping insurance remains sky high after risk premiums have been baked in, and maritime workers are less willing to make the…