Clearing the Strait of Hormuz will take several weeks, and Vance said details of the US Iran agreement are yet to be determined

Western maritime safety agencies have reported that mine clearance operations in the Strait of Hormuz will take 40 to 50 days, and there is a risk of delay in resuming shipping. BIMCO Safety and Security Director Jakob Larsen stated that the water area is still considered a high-risk zone. The value of super tankers and their cargo is as high as $300 million, and shipping companies are adopting a cautious attitude. Market expectations of a peace agreement drove down oil prices, with Brent crude oil and WTI falling to around $83 and $80.5, respectively. US Vice President Vance stated that there are still many details to be finalized in the US Iran agreement, and the next 60 days of negotiations will revolve around the verification mechanism and the path to lifting sanctions, with the US taking the initiative in the negotiations.