Shipping and energy markets await reopening of the Strait of Hormuz following US-Iran deal

Following a peace agreement between the United States and Iran, there is tentative optimism regarding the reopening of the Strait of Hormuz. US President Donald Trump stated the strait would reopen on June 19, following the formal signing of the agreement. Despite this, the maritime industry remains cautious, as the international shipping association BIMCO considers the transit currently dangerous due to the potential threat of underwater mines. Kpler data indicates that approximately 600 vessels are trapped inside the Persian Gulf, while over 300 empty vessels are waiting in the Gulf of Oman. Although oil prices dropped to $80 per barrel following the announcement, analysts warn that the restoration of normal trade routes will not be immediate. Operational hurdles, such as the maintenance of ships and the need for comprehensive safety clearance, continue to delay full resumption of shipping activity. The region remains a critical focus point, particularly surrounding the Iranian oil hub of Kharg island.