Hormuz At Near Standstill as Iran Warns Ships to Keep to Its Waters

By Jonathan Saul and Ahmad Ghaddar

LONDON, April 9 (Reuters) – Iran’s Islamic Revolutionary Guard Corps (IRGC) warned ships to keep to a route passing through its territorial waters when crossing the Gulf’s Strait of Hormuz as traffic on Thursday remained well below 10% of normal volumes.

Mitsui O.S.K. Lines 9104.T, one of Japan’s big three shipping firms, is among those caught up in the confusion as firms try to work out what impact the U.S.-Irantwo-week ceasefire is having.

“It must be confirmed that the safety risks are sufficiently low,” President and CEO Jotaro Tamura told Reuters in