Strait of Hormuz still eerily quiet as doubts remain over ‘fragile’ peace deal

Strait of Hormuz still eerily quiet as doubts remain over ‘fragile’ peace deal The only vessel moving in the waterway on Monday morning was a patrol ship, as analysts warned uncertainty lingered over the US-Iran agreement The Strait of Hormuz was still largely devoid of shipping traffic in the hours following the announcement of a US-Iran peace deal, as analysts warned it remained uncertain how and when normal operations along the waterway would be restored. The only vessel moving in the strait on Monday morning was broadcasting its status as a patrol ship, according to data from vessel tracking platform MarineTraffic, as hundreds of commercial ships remained stranded in the region. “There are still many unclear aspects surrounding the agreement – and the agreement itself appears somewhat fragile,” said Xu Muyu, a senior crude oil analyst at trade intelligence firm Kpler. She noted that potential disruptions could emerge before the scheduled signing on Friday, and that details regarding the practical implementation of the deal remained unclear, such as whether Washington would first need to lift its blockade and release frozen Iranian assets before the waterway could reopen.