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Two-week truce may reopen Strait of Hormuz but shipping stays cautious

A US and Iran two-week ceasefire could allow limited ship movements through the Strait of Hormuz, but shippers, insurers and analysts say security, insurance and coordination constraints will keep traffic well below normal.

Apr 9th 2026 · Iran

Insights

  • US and Iran agreed a two-week ceasefire that could allow limited transit through the Strait of Hormuz.
  • Iran says passage will be coordinated with its armed forces and limited to about 10 to 15 ships per day.
  • Around 800 vessels remain queued in the Gulf, including hundreds of oil tankers, LPG and chemical carriers.
  • Major shippers and insurers, including Maersk, say they will resume transit only after continuous risk assessments and clearer security and insurance terms.
  • Analysts warn the truce is not a peace deal and could be extended or collapse, keeping uncertainty high.
  • Negotiations in Islamabad reveal major gaps between Iran demands and US conditions, so a full reopening remains uncertain.

Sources