Trump administration explores ‘VIP pass’ to boost oil tanker traffic through Hormuz amid owner caution

The Trump administration is weighing ways to increase oil tanker traffic through the Strait of Hormuz. President has publicly declared the waterway open for business. Officials are discussing a possible “VIP pass” to entice vessels. The goal is to coax more tankers to navigate the strategic chokepoint. Ship owners, however, remain cautious about entering the route. Industry participants are wary of testing the waters despite the invitation. Their hesitation reflects concerns over potential risks. The administration’s next steps will hinge on how the shipping community responds.