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US and Iran reach agreement to reopen Strait of Hormuz for shipping

Jun 18, 2026, 2:00 AM20
(Update: Jun 18, 2026, 4:16 PM)
strait between the Gulf of Oman and the Persian Gulf
country in Central Europe

US and Iran reach agreement to reopen Strait of Hormuz for shipping

  • The US and Iran have reached an agreement to allow safe passage of commercial vessels through the Strait of Hormuz.
  • The global shipping industry is cautious about resuming operations, with leaders indicating it may take weeks or months for normalcy to return.
  • Restoring confidence in navigation safety is crucial for the shipping sector to operate effectively in the region.
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