An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.

The Pentagon said overnight strikes near the Strait of Hormuz were defensive. Iran is warning it will respond decisively to any ceasefire violation.

May 25 (Reuters) - The U.S. and Iran are discussing a plan to open the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities, the Nikkei newspaper reported on Monday ...

Rubio said early Tuesday that a deal with Iran was still possible despite new American strikes that cast doubt on the fragile ceasefire.

The US military has carried out what it called “self-defense strikes” targeting Iranian missile launch sites and boats around ...

Iranian officials are in Qatar for talks amid efforts between the U.S. and Iran to bring about an end to the nearly ...

Iran on Tuesday denounced U.S. strikes a day earlier as a sign of “bad faith and unreliability” as negotiations continue ...

Iran commits to clearing mines from the Strait of Hormuz within 30 days of a US peace deal. Bitcoin surged 3% and crypto markets added $75B on the news.

Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.

WTI oil is back to early May levels, when initial peace processes were announced as Trump foreshadowed a reopening of the ...

The closed Strait of Hormuz has triggered a fertilizer supply shock, cutting Saudi output by half and threatening food security in developing nations.