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Bureau: London
First vessels transited Hormuz Wednesday morning, but Maersk and the major shipping lines are seeking insurance clarity before committing routes — the gap between 'technically open' and 'commercially.
Diesel shortages dropped from 312 to 274 service stations, the excise cut is working, and supply is secured into May — but most of this improvement predates Tuesday's ceasefire.
Cats: The Jellicle Ball, which opened Tuesday at the Broadhurst, weaves Broadway musical theater with a ballroom culture that has its own half-century history most audiences don't know.
A Greek-owned bulk carrier and a Liberian-flagged vessel became the first ships to transit the Strait of Hormuz since the ceasefire — while 800 others wait for clarity.
Maersk said it would seek clarity before routing through Hormuz — a signal that the world's second-largest container carrier does not consider a ceasefire announcement sufficient to change its risk.
Australia has improved from the 555-station crisis peak, but 274 stations remain out of fuel — the ceasefire is good news for eventual resupply, but the lag means Australians won't feel it for weeks.