Trump says the US has reached a deal to reopen the Strait of Hormuz
Trump said the US reached a deal with Iran to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.
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# Investing Summary President Trump announced a deal to reopen the Strait of Hormuz following a 15-week conflict with Iran, a development that could significantly ease global oil market volatility and lower energy prices for consumers and corporations. The resolution of tensions in this critical shipping chokepoint—through which roughly one-third of world maritime oil trade passes—removes geopolitical risk premium from crude oil prices and benefits energy-dependent sectors including transportation, manufacturing, and utilities.
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