Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.–Israeli conflict with Iran, in United Arab Emirates, on March 11, 2026. Reuters
HOUSTON—The longer ships remain trapped inside the Persian Gulf and oil tankers stack in the Arabian Sea, the more likely Gulf states will reach a deal with Iran to allow commerce to resume in the Strait of Hormuz, global market and insurance analysts said in a March 24 CERAWeek by S&P Global forum.
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