U.S. and Iran Sign Deal to Resume Ship Traffic Through Strait of Hormuz

The United States and Iran signed an agreement that reopened the Strait of Hormuz to commercial shipping, according to multiple reports on ship tracking data. Oil prices fell following the announcement, with the New York Times reporting the decline occurred as the deal took effect.

The New York Post stated prices slid near pre-war levels, though it noted it could take months for gasoline prices to fully drop.

The New York Times separately reported that British officials warned inflation will linger despite the agreement. Bank of England officials cited in the article stated that price pressures are expected to continue.

Social media accounts tracking maritime data posted that ship traffic officially resumed after the signing. One post stated traffic rebounded to the highest level since the start of the war, while another noted Iran renewed restrictions even as volumes increased.

The original reporting on the agreement did not include statements from the vessels' operators or from Iran's government on the reopening. No publicly released evidence has documented changes to Iran's nuclear enrichment program or uranium stockpile in connection with the Hormuz deal.