The news that a deal is being reached between the U.S. and Iran is sparking optimism around the world. Both U.S. President Trump and the Iranian news agency Tasnimhave indicatedthat the Strait of Hormuz, which is crucial for oil trade, will reopen as early as Friday.
That doesn’t mean everything will be back to normal by next week. Before the war, some 20 million barrels of crude oil were shipped through the strait every day. If the trade route reopens, trade will pick up slowly, experts say. Hans van Cleef spoke with the NOS. Read the full article here.