Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery

One week after the U.S. and Iran signed an interim peace deal, shipping traffic through the Strait of Hormuz is beginning to recover, according to CNBC. The strait is a crucial chokepoint for global energy markets, handling roughly a fifth of worldwide oil trade. But recovery remains fragile, with observers cautious about whether the diplomatic breakthrough will endure.

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