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The Economic Times
The Economic Times

CMA CGM chief says 'unwise' to assume Hormuz will return to pre-war situation

It would be "unwise" to assume that the situation in the Strait of Hormuz will return to how it was before the Iran war, the head of French shipping group CMA CGM said on Tuesday.

CMA CGM, the world's third-largest container line, is among firms with vessels stranded ‌inside the ⁠Gulf ⁠since the start of the conflict that has virtually closed the waterway, which carries a fifth of global oil and LNG supply.

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