RT by @Malbrunot: Hormuz is open, but obstacles to trade still linger ♦️ The US-Iran memorandum of understanding reopened the Strait of Hormuz, restoring a vital global energy corr

Hormuz is open, but obstacles to trade still linger ♦️ The US-Iran memorandum of understanding reopened the Strait of Hormuz, restoring a vital global energy corridor and easing immediate supply concerns. ♦️ The agreement includes a 60-day ceasefire and renewed negotiations over Iran’s nuclear programme, helping oil prices fall towards $80 per barrel. ♦️ Before the conflict, around 20 million barrels of oil per day and one-fifth of global LNG trade passed through the strait.