Potential Resumption Of Energy Flows Through Strait Of Hormuz
Market Analysis

The U.S. and Iran have reached a framework agreement to extend their ceasefire for 60 days, aiming to reopen the Strait of Hormuz and initiate nuclear negotiations. (axios.com)

Following the ceasefire, ships stranded in the Strait of Hormuz have begun transiting the critical waterway for the first time in 110 days, with major shipping companies resuming passage. (apnews.com)

Despite the ceasefire, the central route of the strait remains closed due to approximately 80 naval mines, with ships using alternative northern and southern routes through Iranian and Omani waters. (apnews.com)