US-Iran deal to reopen Strait of Hormuz— but full container shipping recovery at least three months away

AI Summary

A US-Iran agreement to reopen the Strait of Hormuz is expected to restore container shipping activity, though a full recovery of ocean supply chains is projected only by mid-September 2026. Shipping spot rates are likely to continue rising for several weeks as disruption effects persist.

The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade means, even a best-case scenario, puts a recovery of ocean supply chain networks at mid-September 2026 and spot rates rising for at least another four weeks before the market peaks. “This ...