Donald Trump keeps saying the Strait of Hormuz, through which one fifth of the world’s oil supplies flow, will reopen by Friday. Read on

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.

A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details …