Iranians are expressing measured relief following the ceasefire announcement, but deep caution remains over whether the agreement will hold, according to Al Jazeera’s Ali Hashem, reporting from Tehran.
He attributed this wariness to a “trust gap between the US and Israel on one side, and Iran on the other,” noting that at least two previous rounds of negotiations had been “succeeded by immediate war”.
Shipping vessels stranded in and around the Persian Gulf have begun transiting the Strait of Hormuz, the key waterway through which a fifth of the world's oil flows.
"Initial movements are now being recorded," ship-tracking website, MarineTraffic said in a post on X. It said a Greek-owned bulk carrier and a Liberia-flagged bulk carrier had transited the waterway this morning.
Shipping vessels stranded in and around the Persian Gulf have begun transiting the Strait of Hormuz, the key waterway through which a fifth of the world's oil
Despite the ceasefire, trade is unlikely to resume just yet, shipping insurers have said, as the region remains at heightened risk and the terms and longevity
President Donald Trump told ABC News on Wednesday morning that the U.S. may seek a "joint venture" with Iran to safeguard the Strait of Hormuz, following his Tuesday announcement of a two-week ceasefire.
Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Wednesday, April 29, 2026.
Iranian state media reported that new missile and drone attacks on the United Arab Emirates and Kuwait came hours after Iranian oil facilities were targeted in airstrikes on Lavan Island on Wednesday.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.