The Strait of Hormuz may start reopening in the coming days following the US-Iran peace deal, but a full return to normal maritime traffic is expected to take longer, according to Axios.
The deal, announced by Pakistani Prime Minister Shehbaz Sharif, aims to end hostilities and extend a ceasefire, with a formal signing ceremony scheduled for Switzerland later this week.
Approximately 20% of the world's oil shipments and a significant portion of liquefied natural gas exports are typically handled by the waterway.
US President Donald Trump confirmed the development, stating that the deal is complete and authorizing the toll-free opening of the Strait of Hormuz, as well as the removal of the US naval blockade.
However, the waterway's commerce is unlikely to instantly return to pre-war levels, as Iran has continued to impose its own limitations and plant mines.
Mine-clearing operations, infrastructure repairs, and security guarantees may be required before commercial traffic fully resumes.
The peace deal includes extending the ceasefire for 60 days, creating a framework for negotiations over Iran's nuclear program, and halting strikes between Israel and Hezbollah in Lebanon.
