U.S.-Iran Peace Deal Set to Restore Oil Shipments Through Strait of Hormuz Within 30 Days

A finalized U.S.-Iran agreement requires Iran to reopen shipping through the Strait of Hormuz—a 21-mile bottleneck carrying one-fifth of global seaborne oil—within 30 days of signing. Oil prices and tanker insurance premiums have remained elevated since the conflict began. Restoring supply through this route would reverse the disruption. The deal is expected to be signed imminently.