The reopening of the Strait of Hormuz is a variable for both oil transportation and DeFi RWA.

According to The New York Times, Trump said the U.S. and Iran have basically reached agreement on a deal, which may include ending the conflict, reopening the Strait of Hormuz, lifting some sanctions, and releasing approximately $25 billion in overseas assets. Iran agreed to stop multi-front conflicts and restore navigation through the strait in a memorandum of understanding; the U.S. said the core is that Iran gives up highly enriched uranium, with details to be left for subsequent nuclear negotiations. Resumption of shipping may take several weeks to several months.