Hormuz Strait Transit: U.S. and Iran Negotiating New Deal

The U.S. and Iran are reportedly negotiating a new deal that would allow Iran to facilitate more vessel transits through the Strait of Hormuz with fewer restrictions. Regional officials say both sides want to return to the interim ceasefire agreement. However, the potential impact on global oil prices and the Baltic Dry Index (BDI) remains uncertain. Iran's move could reshape global supply chains, but the full extent of its effects is still unclear.