A governing arrangement for the strait can and must be developed based on law and fact.

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The announcement of a ceasefire by United States President Donald Trump on Tuesday has brought some relief to the Gulf region, seafarers and the energy markets. Iran has agreed to open the Strait of Hormuz for commercial traffic as long as vessels coordinate movements with its authorities.

Irrespective of what happens next – whether a durable peace deal is negotiated or hostilities resume – the global misery caused by Iran’s closure of the strait demonstrates a clear need for long-term solutions that are solidly rooted both in law and in fact.