Shipping executives meeting in Athens on Monday (June 1) said that any peace deal worked out between the United States and Iran would need to offer clear rules allowing vessels to resume normal business via the Strait of Hormuz.

While there have been a few tankers to have sailed through the strait in recent days, traffic remains a fraction of the average daily sailings of at least 125 ships before the US-Israeli war on Iran began on Feb.28.

Iran and the U.S. trading strikes over the weekend has dimmed hopes that the U.S. and Iran could soon announce an extension to their ceasefire.

Oil prices, which have risen sharply since the start of the war, gained more than 3% on Monday after the strikes. Tensions were also fuelled by Israel ordering troops to move further into Lebanon against Tehran-backed Hezbollah, in a conflict that was reignited by the U.S.-Israeli war against Iran.

DESCRIPCIÓN DE IMÁGENES

AT SEA (ARCHIVE -MAY 25, 2026) (VIDEO OBTAINED BY REUTERS - Access all) (MUTE)

1. VARIOUS OF DRONE SHOTS VESSELS AT SEA, AROUND THE STRAIT OF HORMUZ

ATHENS, GREECE (JUNE 1, 2026) (Reuters-Access all)

2. VARIOUS OF THE GREEK MINISTER OF SHIPPING, VASILIS KIKILIAS, SPEAKING AT A CAPITAL LINK CONFERENCE IN ATHENS

3. (SOUNDBITE) (English) GREEK MINISTER OF SHIPPING, VASILIS KIKILIAS, SAYING:

“There must be a solution. Can somebody predict? Unfortunately, no. It has been proven that there is no prediction, and things get messy in terms of conflicts very, very easily, and they get untangled very, very difficulty”.

MUSANDAM, OMAN (ARCHIVE - MAY 6, 2026) (REUTERS - Access all)

4. VARIOUS OF VESSELS AT SEA AROUND THE STRAIT OF HORMUZ, AS SEEN FROM MUSANDAM

ATHENS, GREECE (JUNE 1, 2026) (Reuters-Access all)

5. VASILIS KIKILIAS SPEAKING, SEEN THROUGH A SCREEN NEXT TO THE AUDIENCE

6. (SOUNDBITE) (English) GREEK MINISTER OF SHIPPING, VASILIS KIKILIAS, SAYING:

“We cannot accept that there will be no free pass for ships all over the globe. I wish that they would leave shipping the shipping industry, the seafarers, and global trade out of the equation, but it seems like this is impossible”.

MUSANDAM, OMAN (ARCHIVE-MAY 22, 2026) (VIDEO OBTAINED BY REUTERS - Access all)

7. VARIOUS OF VESSELS AROUND THE STRAIT OF HORMUZ, AS SEEN FROM MUSANDAM

ATHENS, GREECE (JUNE 1, 2026) (Reuters-Access all)

8. VARIOUS OF HEIDMAR MARITIME CEO, PANKAJ KHANNA, SPEAKING AT THE CAPITAL LINK CONFERENCE

9. (SOUNDBITE) (English) HEIDMAR MARITIME CEO, PANKAJ KHANNA, SAYING:

“I have a ship right now which is stuck inside the Gulf for the last three months. On the day the war broke out, the ship loaded cargo in Ras Tanura and came out and has been sitting there for three months”.

DAMMAM, SAUDI ARABIA (ARCHIVE- MAY 17, 2026) (REUTERS - Access all)

10. VARIOUS OF CAPTAIN INSIDE COCKPIT AT DAMMAM PORT, USING MARINE RADIO HANDSET

AT SEA (ARCHIVE - MAY 17, 2026) (REUTERS - Access all)

11. TUG BOAT NAVIGATING OUT OF DAMMAM PORT

ATHENS, GREECE (JUNE 1, 2026) (Reuters-Access all)

12. (SOUNDBITE) (English) HEIDMAR MARITIME CEO, PANKAJ KHANNA, SAYING:

“Some have been lucky enough that they have had change outs but many others have not. What we need is obviously a framework, a rules regulation, whatever tells us exactly how we can go in and get out. So even if a peace deal was signed, that needs to be clarified.''

AT SEA (ARCHIVE - MAY 17, 2026) (REUTERS - Access all)

13. VARIOUS OF CARGO SHIPS AND COMMERCIAL VESSELS AT SEA

ATHENS, GREECE (JUNE 1, 2026) (Reuters-Access all)

14. PANEL AT THE CAPITAL LINK CONFERENCE

15. AUDIENCE AT THE CONFERENCE

16. (SOUNDBITE) (English) CEO OF CENTROFIN MANAGEMENT, YANNIS PROCOPIOU, SITTING AT THE CONFERENCE PANEL, SAYING:

“No one can really predict what's coming. The fundamentals show that we will probably have some positive couple of years. Of course, all of this is very much driven by geopolitics and we don't know when and how and when the Straits of Hormuz will open, for example. This is something, as Jerry said, that should influence the market quite a lot. And with the right pricing of oil, it could generate a whole new stream of demand”.

MUSANDAM, OMAN (ARCHIVE - MAY 1, 2026) (VIDEO OBTAINED BY REUTERS - Access all)

17. VARIOUS OF VESSELS AT SEA DURING SUNRISE AROUND THE STRAIT OF HORMUZ, AS SEEN FROM MUSANDAM