Spot rates are expected to climb for another four weeks and many vessels are full until at least July, per Xeneta.

Analysts say full recovery in oil flows is unlikely as shipping and production lag due to uncertainly around the US-Iran agreement

Strait of Hormuz continues to remain the bone of the contention in Iran-U.S. deal and middle-east gulf countries' geo-politics. The question remains when will situation normalize.

Spot rates are expected to climb for another four weeks and many vessels are full until at least July, per Xeneta.

Shipping through the Strait of Hormuz may normalize before August 1. Normal traffic by June priced at 98% YES.

Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.