IEA chief welcomes US-Iran deal, demands Strait of Hormuz reopen within 60 days

The IEA chief welcomes the US-Iran deal, stating that reopening the Strait of Hormuz within 60 days is essential for stabilizing global oil markets and investor confidence. Following 111 days of gridlock, tanker traffic through the strait is currently ramping up. While the signing of the deal has initiated this movement, the US and Iran still have significant matters to discuss to ensure the agreement's success and the continued flow of oil.