US and Iran Agree to Reopen the Strait of Hormuz
A naval standoff ends on paper, but the terms will determine whether oil flows freely The United States and Iran have reached an agreement to ease the naval blockade and gradually reopen the Strait of Hormuz, the waterway through which roughly a fifth of the world’s traded oil passes. The deal, confirmed through diplomatic channels, represents the first formal de-escalation…
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US and Iran Agree to Reopen the Strait of Hormuz
A naval standoff ends on paper, but the terms will determine whether oil flows freely The United States and Iran have reached an agreement to ease the naval blockade and gradually reopen the Strait of Hormuz, the waterway through which roughly a fifth of the world’s traded oil passes. The…
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