A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high insurance costs and geopolitical risks mean disruption could persist for months.
Summary from sourceA proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high insurance costs and geopolitical risks mean disruption could persist for months.
Summary from source