Has the worst of Hormuz passed? | | US-Israel War on Iran

Shipping has reached the Strait of Hormuz since Iran and the United States signed a long-term agreement to end the US-Israel war on Iran.

But lasting recovery depends on whether the two sides can reach a final agreement. And the economy around the world is not out of the woods yet.

Mines still need to be cleared. Damaged electrical equipment must be repaired. And the economic collapse of months of chaos is still working its way through the system.

Electricity prices have fallen, but food prices, energy costs and inflation may take months to catch up.