A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But mines, high insurance costs and geopolitical risks mean disruption could persist for months.

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.

Trump said the US reached a deal with Iran on Sunday to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.

Trump announces that a ceasefire deal with Iran has been agreed, and that the Strait of Hormuz will reopen for shipping.

Trump announces that a ceasefire deal with Iran has been agreed, and that the Strait of Hormuz will reopen for shipping.

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

Trump signals immediate opening of the geopolitically sensitive strait

US President Donald Trump says oil tankers would be able to navigate the Strait of Hormuz toll-free, but many details of the deal with Iran are yet to be ironed out.

The US and Iran confirmed an interim deal to reopen the Strait of Hormuz, reshaping oil markets and Bitcoin's trajectory after months of conflict-driven

US and Iranian officials agreed on a framework to end their conflict and reopen the Strait of Hormuz, with a formal signing expected June 19 in Switzerland.

Shipowners and traders are cautiously awaiting details on a potential reopening of the Strait of Hormuz, a vital oil and gas route disrupted by conflict. While a US-Iran deal is…

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

The US and Iran reached a tentative deal to reopen the Strait of Hormuz and extend a ceasefire. Bitcoin rallied as traders embraced the geopolitical thaw.

Iran and the US reached a framework deal to halt war and reopen the Strait of Hormuz. Oil prices dropped up to 9%, with crypto implications emerging.

The US-Iran agreement to reopen the Strait of Hormuz may alleviate immediate energy concerns, but analysts predict weeks-long delays due to a backlog of 500 stranded ships.

Shippers have welcomed the news of the deal but are still waiting for more details, including mine clearance in the strait.

The US president says the Strait of Hormuz will reopen after signing of deal with Iran on Friday, but analysts warn hundreds of ships remain backed up, energy flows may take weeks…

A US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts…

Mine clearance is essential before more than 480 trapped ships can safely leave Gulf

Shipping groups warned Monday it was too soon to safely resume sailing through the Strait of Hormuz following US and Iranian promises that the trade route would reopen under their…

Trump's deal with Iran reopens the Strait of Hormuz for toll-free shipping, sending oil prices down 3-5% and pushing Bitcoin toward two-week highs.