Odds that the Strait of Hormuz traffic will return to normal before August surpassed 50%, following U.S. President Donald Trump's announcement.

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

Mine-clearing operations, infrastructure repairs and security guarantees may be required before commercial traffic fully resumes at the Strait of Hormuz. | World News