How will the Strait of Hormuz reopening work? Industry awaits missing details
- Until the agreement is signed, the US naval blockade and Iran’s PGSA transit‑permission requirements both remain in force
- Iran and Oman are negotiating a new traffic‑management mechanism, with Iran signalling it will eventually charge for navigation and safety services
- Shipowners face uncertainty over sequencing, naval escorts and whether Iran will accept any foreign military presence in the waterway
US-Iran deal to reopen the Strait of Hormuz is expected on Friday, but key transit and security details remain unresolved and a new mechanism to allow freedom of navigation to be restored is yet to be finalised