U.S.–Iran deal unlikely within 60 days, says Argus

Nader Itayim, Mideast Gulf Editor at Argus Media says shipping through the Strait of Hormuz is likely to recover slowly despite movement after the agreement, as competing U.S. and Iranian narratives are keeping shipowners and insurers cautious. He expects volumes could rise to around 50% of pre-war levels after the first 30 days, but a full return may take months pending credible assurances of safe passage. He is not confident of an agreement being reached in 60 days.