Shipping industry insiders suggest a deal's impact on global trade hinges on US sanctions relief and mine clearance in a strategic waterway. Companies maintain current Middle East operations, while analysts anticipate a wait-and-see approach despite the agreement promising to restore commercial shipping.
A tentative US-Iran agreement to end a 3-month conflict is expected to cool Middle East tensions. While oil prices dipped, the Strait of Hormuz, crucial for global oil trade, faces a slow recovery, potentially taking weeks or months to normalize flows.
A tentative US-Iran agreement to end a 3-month war may cool Middle East tensions, but oil flows through the Strait of Hormuz face a slow recovery. Analysts predict weeks to months for normal supply, with mine clearance and security assurances key.
A tentative US-Iran agreement to end a 3-month war is expected to cool Middle East tensions. While oil prices fell, normal flows through the Strait of Hormuz, crucial for global oil trade, may take weeks or months to resume due to shipping bottlenecks and mine clearance.
The British Royal Navy's HMS Lyme Bay is on standby off Gibraltar, prepared for a potential international mine clearance mission in the Strait of Hormuz. The mission hinges on a peace agreement between Iran and its adversaries, following Iran's retaliatory blockade of the strait after a US-Israeli airstrike.
Ukraine welcomed Prince Harry to Kyiv on Thursday 23 April 2026 for a two day visit that remained unannounced until his arrival.
