The United States and Iran have reached an agreement, bringing positive news for shipping.

The US and Iran have reached a peace agreement and are preparing to sign the documents on June 19th.

After that, the Strait of Hormuz will resume normal traffic. Previously, problems such as detours of shipping routes, high freight costs, and unstable schedules will be improved.

Subsequently, the freight costs on the Middle East routes are expected to decrease, and oil prices will also drop, which can reduce the raw material and logistics costs for enterprises and make cargo transportation more smooth.