Ships face uncertainty in the Strait of Hormuz, slowing oil recovery

Published June 19, 2026 6:30pm ET



Vessels crossing through the Strait of Hormuz face uncertainty and safety concerns even as the Trump administration negotiates peace with Iran. 

The Trump administration has reached a preliminary agreement with Iran to end the war in the Middle East, but the shipping industry remains hesitant about prospects for transiting the strait, which has been mostly closed since the war with Iran started in late February.

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