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Asian shipowners to cross Hormuz before Western firms, executives say

Posted on April 22, 2026
By AOL
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Asian shipowners to cross Hormuz before Western firms, executives say

LAUSANNE, April 22 (Reuters) - Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.-Iran ceasefire as they have ‌a higher risk tolerance and can manage paying tolls unlike sanctions-complying Western firms, shipping executives said ‌at the FT Commodities Global Summit on Wednesday.