strikeJun 18, 2026

The Strait of Hormuz is reopening, but global shipping won’t return to normal for months

Summary

Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil.

Source: Behrouz Bakhtiari — Read the full report

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Behrouz BakhtiariBy Behrouz Bakhtiari
Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative deal, dropping from highs that had pushed gasoline…

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