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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 deal, confirmed through diplomatic channels, represents the first formal de-escalation…

Strait of Hormuz

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The Bank’s chief says fuel, fertiliser, and employment shocks will outlast the conflict itself The World Bank’s president has issued one of the institution’s starkest warnings in recent memory. Speaking…

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Strait of Hormuz
Global News

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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