Trump Predicts End to Iran Military Operations as Global Markets Stabilize

Washington D.C. US President Donald Trump has claimed that military operations with Iran could conclude within two to three weeks. However, analysts suggest that the strategic Strait of Hormuz will take much longer to return to full operational capacity. 

Following Trump's timeline for the end of hostilities, global stock markets showed signs of recovery on Wednesday. There is also anticipation that crude oil prices may decline. Nevertheless, experts warn that retail fuel prices and maritime shipping operations will take time to normalize.

The maritime shipping sector remains at high risk due to the conflict. Marine insurance premiums have surged, and maritime workers are hesitant to return to duty due to security concerns. 'Seafarers are the backbone of trade. After such incidents, it remains a challenge to bring them back to work, which impacts the supply chain,' said Angad Banga, head of the Hong Kong-based Caravel Group.

Since approximately 90 percent of global goods are transported via sea, instability in this sector is expected to affect global trade. Iran's implementation of a selective blockade in the Strait of Hormuz has impacted thousands of vessels operating in the Middle East. The region currently faces heightened risks from naval mines and explosive drones, further complicating commercial shipping operations.