US-Iran deal reopens Strait but shipping risks remain
Marine insurers have welcomed the reopening of the Strait of Hormuz under the US-Iran peace deal signed today (18 June), but warned significant operational, security and regulatory challenges remain.
This morning, a 14-point memorandum of understanding was signed by Donald Trump and Iranian counterpart Masoud Pezeshkian, marking a significant step towards restoring Gulf shipping.
Under the 14-point
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