In a groundbreaking agreement between the US and Iran, efforts are underway to resolve a conflict that has long disrupted global energy flows. With supertankers back on their routes through the critical Strait of Hormuz, a sense of relief is palpable. Nevertheless, the situation remains tense as Israeli airstrikes in Lebanon cast a shadow of unpredictability over the region.

Even if the strait fully opens then, it will likely take months for the global energy crisis sparked by its closure to ease.

Trump hails a Hormuz breakthrough and urges ‘let the oil flow’, but US-Iran disputes over toll-free access, sanctions relief and mine risks keep the deal in doubt.

In a groundbreaking agreement between the US and Iran, efforts are underway to resolve a conflict that has long disrupted global energy flows. With supertankers back on their…