Iran-US Truce: Strait of Hormuz Reopens Slowly

0:00It's April 10, I'm Cory with the story, and this is Calgary News today. Local news powered by AI. Iran and the United States announced a two-week truce that's supposed to reopen the Strait of Hormuz, that 104-mile waterway linking the Gulf to the Indian Ocean. More than five weeks into the war sparked by U.S. and Israeli strikes on Iran, this was meant to ease the chaos, but so far only a handful of tankers. And bulk carriers have slipped through since Wednesday. Traffic still weigh down, about 90 percent below normal, mostly just Iranian ships or ones tied to friendly nations. Hundreds of vessels with thousands of crew are stuck on either side, holding around 172 million barrels of oil and products on one. 187 tankers alone. The global oil markets facing its worst supply hit ever, according to energy watchers. And crews are on edge, with industry leaders saying it's too risky to move without coordinating with both sides. Iran's floating ideas of tolls to fund rebuilding after the attacks, drawing quick backlash

1:05from the U.S. and Europe, including sharp words from, former President Trump calling it a breach of the deal. Now, Iran's pushing alternative routes closer to their coast to dodge mines, requiring navy escorts and rumors swirl about approved lists or fees for. No fresh attacks since the ceasefire kicked in, after 30 commercial ships got hit earlier. But big players like Hoppeg Lloyd are staying out. Peace talks kick off in Pakistan tomorrow, where these toll fights could heat up. But if the truth holds, we might see 10-15 ships A. Day still a trickle compared to before, leaving everyone watching if this straight really starts flowing free.