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03 AUG 2026 MONDAY
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The U.S. President Donald J. Trump has made a deal with Iran to suspend further attacks for two weeks on the Middle Eastern country in exchange for the reopening of the Strait of Hormuz, which handles 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows.
Iran Middle East President Donald President Trump Israel Change View OPEC Middle Eastern Wood Mackenzie Saudi Arabia International Maritime Organization Persian Gulf World Peace Golden Age
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news Offshore Energy ·2026-04-08

Two-week ceasefire deal putting Strait of Hormuz back in business

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