Washington and Tehran are set to prioritize the restoration of full commercial navigation through the Strait of Hormuz and the lifting of the US blockade on Iranian ports during upcoming diplomatic talks.
The discussions, reported by TASS, also aim to address the cessation of all strikes across the region, marking a significant potential shift in the geopolitical landscape surrounding one of the world's most critical energy chokepoints.
The prospect of reopening the strait carries immediate implications for global energy flows and shipping insurance costs.
For months, the blockade and associated military tensions have forced rerouting of tankers and elevated freight rates, creating a persistent risk premium in crude oil markets.
Any credible progress toward normalizing transit could trigger a rapid repricing of shipping risk, benefiting tanker equities and potentially exerting downward pressure on Brent crude prices as supply chain anxieties ease.
This development follows a framework agreement between the US and Iran to end the ongoing conflict, with US President Donald Trump previously confirming the intention to lift the blockade.