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Explore Shipping Rackets and Sea Mines: The New Normal in Hormuz after 17 Weeks with 203,702 views, 15,127 likes, and 1,899 comments. Experience the impact of this video content that has captured audience attention.

In this episode of What's Going no With Shipping?, we hit week 17 of the ongoing crisis in the Strait of Hormuz. Despite talk of ceasefires and memorandums of understanding, the reality on the water remains volatile. We dive into the latest vessel attacks, the surge in Iranian oil exports, and the growing complexity of navigating these vital shipping lanes. From the "racket" of new transit fees to the threat of 80+ sea mines, we break down why a return to "normal" is still far on the horizon. Key Highlights ⚓Fragile Ceasefire: Recent attacks on the container ship Ever Lovely and the tanker Kiki highlight the instability of the current US-Iran pause in strikes. ⚓Iranian Oil Surge: Following a US Treasury waiver, unsanctioned Iranian crude is flowing freely even as other shipping faces continued disruption. ⚓Transit "Rackets": Discussion on the new Persian Gulf Strait Authority (PGSA) and potential coordination between Iran and Oman to impose new fees and insurance requirements. ⚓The Mine Threat: The IMO estimates at least 80 mines are currently in Hormuz shipping lanes, complicating the return of commercial traffic to the central corridor. ⚓Escalating Costs: Cargo rates for tankers in the region have spiked significantly, with some benchmarks reaching nearly nine times their normal value. Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: [email protected] 00:00 17 Weeks in the Strait: Introduction 01:32 By the Numbers: Transit & Oil Export Data 04:14 Who's Most Affected? Global Oil Dependence 05:30 Ever Lovely & Kiku Attacks 07:19 The Quid Pro Quo: US-Iran Agreement Analysis 09:02 Qatar LNG Explosion & Infrastructure Risks 09:37 The Mine Threat & Dual Transit Regimes 10:07 The "PGSA" Racket: Iran & Oman Coordination 12:10 IMO Evacuation Efforts for Trapped Seafarers 13:13 The Central Corridor & UAE Export Surge 14:42 Insurance Realities & Spike in Tanker Rates 16:04 Multinational Mine Hunting & Security Limits 17:24 Legal Ownership: UNCLOS & Transit Passage 18:28 Project Freedom: Where is the US Navy? 21:35 The Protection Racket: Future of PGSA 23:39 Saudi Reboot & Commodity Shortages 25:20 Resilience vs. Resolution: Final Thoughts 26:02 Outro & How to Support the Channel Marine Traffic www.marinetraffic.com gCaptain www.gcaptain.com Shipping risks mount despite US-Iran agreement to pause strikes https://www.lloydslist.com/LL1157683/Shipping-risks-mount-despite-US-Iran-agreement-to-pause-strikes

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