Surprised?
Shipowners Seek Details on Hormuz Deal Before Resuming Transits
Source: Bloomberg
June 14, 2026 at 10:36 PM EDT
Updated on June 15, 2026 at 6:44 AM EDT
A US-Iran deal intended to reopen the Strait of Hormuz within days has been met with caution by shipowners and traders, with many saying they would need more details in order to assess whether safe transits are possible after months of false starts.
A vital conduit for global oil and gas, Hormuz has been at the heart of the conflict from the first days of strikes on Iran, and the urgent need to resume traffic has been a vital theme in months of on-off peace discussions. The disruption has upended the global energy trade, all but cutting off some of the world’s top producers and forcing major players to resort to “dark” transits.
News of a long-awaited agreement between the US and Iran and the prospect of ending a double blockade drove Brent oil futures down almost 5%. But those ferrying crude and gas around the world are still questioning what exactly a reopening — which US President Donald Trump has said will come on Friday — could mean in practice.
Iran’s semi-official Fars News Agency said transits will be free for 60 days, after which Tehran will start charging. Future administration of “navigation services” in the strait will be determined by Iran and Oman, it reported. BIMCO, the world’s top trade group for shipowners, cautioned that key details still need clarification before transit can be considered safe.
Read more: https://www.bloomberg.com/news/articles/2026-06-15/shipowners-seek-clarity-on-hormuz-deal-as-600-vessels-eye-exit?srnd=homepage-americas
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