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A proposed US-Iran agreement to reopen the Strait of Hormuz has raised expectations for improvements in global shipping and oil markets. Nonetheless, factors such as naval mines, high insurance rates, and geopolitical tensions may prolong disruptions in the area.
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A proposed US-Iran agreement to reopen the Strait of Hormuz has raised expectations for improvements in global shipping and oil markets. Nonetheless, factors such as naval mines, high insurance rates, and geopolitical tensions may prolong disruptions in the area.
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