Video. A timelapse shows vessels moving through the Strait of Hormuz after the US and Iran signed an agreement ending their conflict and reopening one of the world's most important shipping routes.

Reopening the waterway will only be a first step; crews must be changed, disrupted supply chains restarted and strategic energy reserves replenished.

The world's most important energy chokepoint may soon reopen, but insurance markets must regain confidence for the shipping sector to resume normal navigation. Meanwhile, Germany…