Shipping slows after Iran says it has again shut Strait of Hormuz

It established a 60-day window for negotiators to pursue a broader deal, halt active hostilities, and required the U.S. to lift its naval blockade of Iranian ports.

US and Iranian officials have begun talks in Switzerland, just five days into a 60-day ceasefire agreement that already appears under strain.

The crucial waterway for oil and gas shipping has emerged as one of the most contentious issues in U.S.-Iran talks aimed at eventually ending the war.

Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend, even after Iran claimed to have closed the waterway again, as Washington and Tehran offer contrasting narratives over the status of the world’s most important shipping chokepoint.