Renewed military tensions between the United States and Iran have reignited concerns over the safety of commercial shipping in the Strait of Hormuz, one of the world's busiest energy trade routes. Fresh exchanges of strikes between the two countries have raised fears that the fragile recovery in maritime traffic could be disrupted once again.
A major geopolitical development indicates that the United States and Iran could agree to extend a 60-day ceasefire under a proposed Memorandum of Understanding (MoU). According to sources
