The reopening of the Hormuz Strait is in sight: priority will be given to oil and gas transportation, while the transportation of one million tons of fertilizer still awaits clearance.

The Securities Times app noted that even though the United States and Iran have reached a temporary agreement to end their months-long war, and there is a possibility of fully reopening the Strait of Hormuz, this is unlikely to immediately ease the transportation flow of fertilizer, as ship owners are still waiting for more details to assess the safety of passage.