The Strait of Hormuz is back in business after more than 100 days of disruption, with over 60 million barrels of crude set to leave the pipeline. Following a US-Iran peace deal, one of the world's most important oil routes is set to reopen, releasing millions of barrels of crude that had been stuck inside the Persian Gulf.

Reopening the strait would provide relief across Asia, which consumed about 90% of the oil flowing through it. Read more at straitstimes.com. Read more at straitstimes.com.

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…