Commercial shipping would be restored to pre-war levels in key waterway under proposed deal

An agreement between the U.S. and Iran that reopens the Strait of Hormuz to shipping promises to knock down oil prices and ease the upward…

Oil fell as U.S. officials gave further, positive signals on progress toward a deal with Iran to reopen the Strait of Hormuz. Read more.

The U.S. and Iran are reportedly discussing a phased plan to reopen the Strait of Hormuz after a potential agreement to end hostilities, according to a Nikkei report citing a…