WTI oil is back to early May levels, when initial peace processes were announced as Trump foreshadowed a reopening of the Strait of Hormuz in 30 days.

Landlocked Afghanistan is struggling to access supplies as fighting with Pakistan and the Iran war disrupt key routes.

Shipping companies will need to know which oil tankers get to start moving first, and who to ask for the go-ahead. It could take months.

The stock market is doing something that would have seemed impossible just weeks ago. Despite a global oil shock, rising inflation fears, and growing concerns the U.S. economy is drifting back toward stagflation,

Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.

Oil and LNG shipments through the Strait of Hormuz are gradually resuming as more vessels successfully navigate the chokepoint despite ongoing disruption and heavy military risk.

Retired U.S. Army General and KKR Chairman David Petraeus says Iran appears to be softening on the Strait of Hormuz, but warns nuclear and proxy issues remain unresolved. He also warns that Iran could emerge from the war with some strategic strength,

President Trump is hailing the agreement with Iran as groundbreaking, even as he admits it “isn’t even fully negotiated.” But the nuclear stockpile, enrichment and missiles have not been discussed.

Iran's Islamic Revolutionary Guard Corps has effectively controlled the Strait of Hormuz for 87 days since the closure began February 28, with the IRGC's Persian Gulf Strait Authority designating the waterway as a 'controlled maritime zone.' While the IRGC ...