US-Iran deal unlikely to revive Strait of Hormuz shipping, analysts say

Although a recent diplomatic advancement has occurred between the United States and Iran, experts in the industry and vessel-tracking information suggest that shipping traffic through the Strait of Hormuz is not expected to return to levels seen before the conflict. The influence of the agreement on international shipping hinges on whether the US will prolong sanctions relief beyond the initial terms and on ongoing mine-clearing activities in this vital waterway. A company informed the South China Morning Post on Wednesday that its operations in the Middle East remain unchanged. The strait is responsible for approximately 20% of the global seaborne oil and liquefied natural gas, along with essential agricultural products like urea. Analysts predict a cautious approach from the industry.