Tentative US–Iran deal partially re-opens Gulf shipping

Sheikh Mohamed bin Zayed Al Nahyan and Trump

Source: © American Photo Archive/Alamy Stock Photo

Significant uncertainty remains, and plants will need specialist teams and equipment to restart

The bare-bones agreement between the US and Iran has allowed a temporary reopening the Strait of Hormuz but gives no certainty in terms of trade. No matter the outcome of the on-and-off negotiations, it will be impossible for trade in chemicals and fuels to quickly revert to normal.