Two key things that need to happen before Strait of Hormuz traffic can return to prewar levels

AI Summary

The U.S. and Iran have agreed to extend their cease-fire for another 60 days as part of a peace deal framework. Practical steps are needed to restore shipping traffic through the Strait of Hormuz to prewar levels, a critical chokepoint in global shipping.

The U.S. and Iran agreed to a framework for a peace deal that extends their cease-fire for another 60 days. Now, a series of practical steps are needed for traffic to pick back up through the shipping chokepoint.