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…

The plan, under discussion between US and Iran, would reopen Hormuz 30 days after the two countries agree to a deal to end hostilities in the Middle East. | World News

Oil drops as US-Iran draft deal signals possible reopening of Strait of Hormuz