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2026June › 17

Strait

6 days ago

An US-Iran agreement aimed at ending hostilities and reopening the Strait of Hormuz is set to be signed Friday.

7 days ago

Shipping operators and insurers prefer to wait and watch from a distance for now.
The behavior of Iranian forces "has become less volatile" and the U.S. Navy continues to provide oversight, the Joint Maritime Information Center said.
Trump said this week that his administration would “soon” be able to reimpose sanctions on Russian crude “because the oil is now flowing” through the Strait of Hormuz.
The remark came as the G7 threw its support behind the U.S. President's tentative agreement with Iran to reopen the Strait of Hormuz.
Oil production facilities and markets will take months or years to work through consequences of Strait of Hormuz closure
Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.
The president this week has stressed the need to clear mines from the Strait of Hormuz.

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