Commercial shipping has begun returning to the Strait of Hormuz after the United States and Iran signed a memorandum of understanding aimed at ending weeks of military confrontation, marking the first signs of recovery along one of the world’s most strategically important energy corridors.

Vessel-tracking data showed oil tankers resuming passage through the strait within hours of the agreement taking effect, although shipping activity remains well below normal levels as operators continue to assess security conditions, insurance costs and navigational risks.

The interim agreement provides for the immediate reopening of the Strait of Hormuz by Iran and the phased lifting of the U.S. naval blockade on Iranian ports. It also establishes a 60-day negotiating period during which both governments are expected to pursue a broader agreement covering Iran’s nuclear programme and other outstanding security issues.

The Strait of Hormuz, which links the Persian Gulf to the Gulf of Oman and the Arabian Sea, is one of the world’s busiest maritime trade routes. A significant share of globally traded crude oil and liquefied natural gas passes through the narrow waterway, making any disruption a major concern for international energy markets and global supply chains.

While the return of commercial traffic has been welcomed by shipping companies and energy traders, industry analysts caution that a full recovery is unlikely to happen immediately. Many shipowners are expected to maintain a cautious approach until security conditions stabilise further and war-risk insurance premiums begin to ease.

Maritime experts also note that logistical backlogs, enhanced security inspections and operational adjustments could continue to limit shipping volumes in the coming weeks, despite the reopening of the waterway.

The memorandum of understanding represents the first formal step in a broader diplomatic process between Washington and Tehran. Under its terms, both sides have committed to negotiations over the next 60 days with the aim of reaching a comprehensive agreement that addresses Iran’s nuclear programme, regional security concerns and the phased easing of sanctions.

Financial markets are expected to monitor developments closely, with investors watching for signs that shipping volumes through the Strait of Hormuz continue to recover and that negotiations remain on track. The outcome of the talks is likely to influence global oil prices, maritime trade and broader stability across the Middle East in the weeks ahead.