Let's wait for the US-Iran results. If the Strait is truly closed for a month, the global energy market will tremble.

May 28th, commercial shipping through the Strait of Hormuz sharply decreased, with only two ships entering the Persian Gulf, and the departing fuel oil tankers seem to have paused; the day before, two international giant oil tankers left, briefly triggering a small energy export surge. The market is awaiting the outcome of US-Iran negotiations aimed at ending the conflict that has nearly closed the strait. Iranian television reported a draft memorandum of understanding stating that maritime shipping could return to normal within a month, but the US side denied it.