- Iran and the United States have reached a deal in principle to reopen the strategic waterway following a period of severe maritime blockade
- The agreement requires Iran to restore commercial transit volumes to pre-crisis levels of approximately 95 ships per day within one month
- Global oil prices fell sharply following the announcement with Brent crude dropping over 2 percent to around 94 dollars per barrel
- The Islamic Revolutionary Guard Corps reported that 25 vessels including oil tankers successfully transited the strait under new security coordination protocols
- International monitors indicate that current transit levels remain at extreme lows compared to the 25 percent of global seaborne oil that typically passes through the route
Iran pledges to restore commercial shipping in Strait of Hormuz to pre-war levels
May 27, 2026, 12:23:46 PM UTC(7 hours ago)
Impact: Medium
Affected Assets
Sources
From:@DeItaone
IRAN'S STATE TV SAYS IN RETURN, IRAN HAS COMMITTED TO RESTORING THE NUMBER OF COMMERCIAL TRANSIT SHIPS THROUGH HORMUZ STRAIT TO PRE-WAR LEVELS WITHIN IN ONE MONTH
