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US, Iran near deal to reopen Strait of Hormuz during ceasefire extension – Axios

24 May 2026

The United States and Iran are nearing an agreement that would extend their current ceasefire by 60 days, reopen the Strait of Hormuz to commercial shipping, and allow Iran to resume unrestricted oil exports, Axios reported on Saturday, citing a U.S. official. Under the proposed arrangement, the Str

The United States and Iran are reportedly nearing a strategic agreement to extend their current ceasefire by 60 days, a move poised to reopen the critical Strait of Hormuz to commercial shipping. According to Axios, this deal would allow Iran to resume unrestricted oil exports, significantly easing transit risks for VLCCs and bulk carriers navigating the Persian Gulf. For seafarers, this development could stabilize transit lanes near the Port of Bandar Abbas and reduce the threat of vessel seizures by IRGC forces.

The potential reopening of this vital chokepoint necessitates strict adherence to the ISPS Code, specifically Part A, Section 13, regarding maritime security levels and ship-to-shore communication protocols. Compliance departments must ensure that vessels operating in the region maintain updated Ship Security Plans (SSP) as mandated by SOLAS Chapter XI-2. Furthermore, masters must monitor guidance from the Maritime Security Centre Horn of Africa (MSCHOA) and ensure that all onboard security equipment remains fully operational to meet international maritime safety standards during this transition.

Masters and navigating officers must prepare for increased traffic density and potential changes to regional reporting requirements. These rank groups should prioritize reviewing bridge resource management procedures and ensuring all AIS transponders are correctly configured for high-risk area navigation. Staying informed via official Notices to Mariners is essential, as navigating officers must remain vigilant regarding updated exclusion zones and communication mandates to ensure safe passage through the Strait of Hormuz during this period of geopolitical adjustment.

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