When will Strait of Hormuz reopen? US-Iran peace deal raises hopes but shipping recovery may take time
India, June 15 -- The Strait of Hormuz could begin reopening in the coming days following the newly announced US-Iran deal on Sunday, June 14. However, a full return to normal maritime traffic is likely to take longer, Axios reported.
The development comes after Pakistani Prime Minister Shehbaz Sharif announced that Washington and Tehran had reached a deal to end hostilities and extend a ceasefire, with a formal signing ceremony expected in Switzerland later this week.
If the deal is carried out in its entirety, it would be the biggest diplomatic victory since the crisis started 107 days ago. One of the most significant energy routes, the Strait of Hormuz, is intended to be navigable again with the peace deal in place.
Approximately 20...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.