Strait of Hormuz

What price Hormuz?

Trump has 3 objectives in the Persian Gulf – he can achieve at most 2 of these goals

The increase in transits through Hormuz could signal that more shipping companies are willing to make the journey.

Strait of Hormuz ship transits are rising thanks to US help

Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began

Trump’s changes were potentially intended to speed up the process by putting pressure on Iran to accept the framework.

Trump sends tougher terms to Iran for framework to end war, US officials say

He has been concerned about parts of the potential deal that would include unfreezing funds for the Iranians

Eight Asean defence ministers gathered at a breakfast on May 30 hosted by Singapore Defence Minister Chan Chun Sing.
SHANGRI-LA DIALOGUE 2026

Asean defence ministers reaffirm commitment to free flow of trade through international corridors

The eight leaders stressed the need to uphold the right of transit passage under the United Nations Convention on the Law of the Sea

The draft agreement, which the US has denied, said Iran and Oman would have a mechanism in place to oversee shipping in the Strait of Hormuz.

US denies Iran report on draft peace deal to reopen Strait of Hormuz

The document is ‘a complete fabrication’, says the White House

The escalation in hostilities highlighted threats to the tenuous ceasefire between the US and Iran that took effect in early April.

Iran and US trade air strikes after Trump dismisses report of Hormuz deal

The waterway is covered by international law that guarantees foreign vessels the right to pass through

US Secretary of State Marco Rubio announces plans on energy and critical minerals partnerships within the bloc.

Quad launches Indo-Pacific monitor plan as Hormuz crisis deepens

The strategic grouping also intends to partner with Fiji on port infrastructure

A mural depicting Iran's late Supreme Leader Ayatollah Ali Khamenei in Teheran on May 25. Iran said nuclear issues would only be negotiated on if the framework accord with the US is agreed first.

US forces launch fresh strikes on targets in southern Iran even as peace talks proceed

US targets also included missile launch sites and boats attempting to lay mines

Iran has threatened to exercise control of the strait and recently established a regulatory agency to run operations there.

Even after a Strait of Hormuz deal, moving 1,500 ships won’t be easy

For now, some in the shipping industry are sceptical about the prospects of a deal to reopen the strait

Iranian mines in the strait have throttled the world’s most important energy artery and driven US inflation to its highest level in years.
THE BOTTOM LINE

A narrow door out of the Hormuz war

The US-Iran deal’s principal virtue is that it lets each side claim enough to sell at home