Global Trade Relief – US and Iran Finalize Peace Deal to Reopen Crucial Strait of Hormuz

Published

US President Donald Trump announced the finalization of a peace deal with Iran, effectively ending a 107-day war that triggered a global energy crisis. Scheduled to be signed on June 19 in Switzerland, the landmark agreement aims to reopen the Strait of Hormuz, a vital maritime chokepoint handling roughly one-fifth of global oil consumption. While the news injected immediate optimism into global markets by promising to stabilize oil, LNG, and LPG supplies, the maritime industry remains cautious. Container carriers and shipping lines plan to wait for comprehensive security assessments and mine-clearing operations before fully restoring services, estimating that a complete recovery back to pre-crisis schedules will take two to three months.

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