Oil futures traders appear to be the most confident they have been in months that the Strait of Hormuz could fully reopen in a matter of days.

The proposed deal will see the Strait of Hormuz opened, and the U.S. naval blockade lifted, in effect ending the conflict.

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…