Analysis on the potential stabilization of energy markets and shipping routes in the Strait of Hormuz following a US-Israeli ceasefire with Iran, despite ongoing concerns about the durability of the t

Shipping through the Strait of Hormuz remains at a trickle despite a ceasefire agreement between the US and Iran, with both Washington and Tehran accusing the other of violating the truce. Hundreds of tankers remain stranded in the Gulf as the energy crisis persists.

• • A ceasefire agreement is in effect between the US and Iran, though both sides accuse each other of failing to honor the deal.
• • Shipping traffic in the Strait of Hormuz is severely restricted, described as a 'trickle', leaving hundreds of tankers stranded.

The Guardian reports that Iran's Revolutionary Guards have assumed control of the Strait of Hormuz over the past 40 days, leaving hundreds of tankers stranded in the Gulf. Analysts warn that despite a potential US-Israeli ceasefire with Iran, doubts over stability and damage to production sites suggest the energy crisis is far from over. The flow of oil and vital items has not yet returned to pre-crisis levels.

• • Iran's Revolutionary Guards have assumed control of the Strait of Hormuz following the start of the conflict 40 days ago.
• • Hundreds of tankers are currently stranded in the Gulf.
• • A US-Israeli ceasefire with Iran is in effect or being discussed, but analysts fear it will not restore energy flows to pre-crisis levels.