Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure
· cnbc.com
The Strait of Hormuz is set to reopen after Iran and the U.S. sign a peace deal, but experts warn backlogs and security checks could delay normal shipping.
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters
It will take weeks to clear the backlog of ships in the Strait ...