Iran would open Strait of Hormuz 30 days after peace deal, Nikkei reports…

Iran has agreed to reopen the Strait of Hormuz within 30 days of signing a peace agreement, according to a source cited by Nikkei Asia and reported by Reuters Canada on May 25, 2026. The commitment would end the closure of one of the world's most critical oil shipping routes, through which roughly one-fifth of global petroleum supplies pass.

The strait has been closed since tensions escalated in the Persian Gulf earlier this year, disrupting energy markets and forcing tanker traffic to reroute around the Arabian Peninsula at significantly higher cost. The proposed 30-day timeline would give Iran's Revolutionary Guard Corps time to remove naval assets and clear the waterway for commercial shipping, according to the Nikkei report.

Details of the peace framework remain undisclosed, but the source told Nikkei that the reopening clause is contingent on all parties signing a formal agreement and meeting initial compliance benchmarks. The 30-day window would begin the day after signatures are finalized, not from the date of any preliminary announcement or ceasefire.

The closure has affected global oil prices and shipping insurance rates, with Lloyd's of London reporting a 40 percent increase in premiums for Gulf-bound tankers since the blockade began. Countries reliant on Middle Eastern crude, including Japan, South Korea, and India, have faced supply constraints and higher energy costs. European refiners have similarly struggled to secure alternative sources at comparable prices.

Shippers and energy traders should monitor announcements from the Iranian Foreign Ministry and the International Maritime Organization for confirmation of any signed agreement and the official start date of the 30-day countdown. Tanker operators will need updated navigational guidance and security assessments before resuming transit through the strait.