The months-long shutdown of the the crucial shipping route has rocked global oil markets and flowed through to all sorts of prices. How will the reopening change things, and how fast?

Iran has yet to confirm the signing of the deal and the final details

Trump announces an Iran peace deal for Sunday, promising the immediate reopening of the Strait of Hormuz. Learn about the implications for global trade and

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.