Iran: Economic impact in NA
Iranian business had hoped that the reopening of the Strait of Hormuz would allow not only to restore oil exports but also trade in other goods. The Federation of Iranian Enterprises for Energy Export Chairman Hamidreza Salehi commented, 'Opening the strait would provide a good channel for freer movement of goods and sending products from Iran's main port, Bandar Abbas.' However, expectations are yet unfulfilled as international shipping companies remain hesitant to fully return to southern Iranian ports.
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