Strait of Hormuz set to reopen amid easing US-Iran tensions. Traffic returns to normal by end of June at 7.5% YES.

The US and Iran agreed to reopen the Strait of Hormuz after months of blockade and crypto-based tolls, but shippers face safety and insurance hurdles.

The vital Strait of Hormuz shipping lane is expected to re-open on Friday after nearly four months, following the signing of a US-Iran agreement to end the Middle East war.