🇮🇳 India 1d ago · TOI BUSINESS DESK

Strait of Hormuz 'open', but how long till transit resumes? The explosive mine challenge

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Strait of Hormuz 'open', but how long till transit resumes? The explosive mine challenge
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A tentative US-Iran deal signals an end to a 100-day conflict impacting global oil. While prices dipped, analysts warn full recovery of Strait of Hormuz flows will take weeks, possibly months, due to shipping bottlenecks and ongoing mine clearance. Producers await lasting peace assurances before fully resuming output, with full normalization expected gradually.

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