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US-Iran Peace Deal Reopens Strait of Hormuz After 116-Day Closure

Occurred 28 Feb 2026·Detected 19 Jun 2026·
🇮🇷 Strait of Hormuz, connecting the Persian Gulf to the Gulf of Oman, bordered by Iran to the north and Oman/UAE to the south61 reportsCAT 26AAEnded 2 Jul 2026
MarinePolitical Violence & WarEnergy & InfrastructurePolitical RiskPropertyMarine HullMarine CargoEnergyTerrorism & Political ViolencePolitical RiskWar Risk

Mainstream and trade media now corroborate a reported US-Iran deal to reopen the Strait of Hormuz following the 14 June 2026 announcement and a partial initial reopening. Tanker traffic has thinned rather than normalised; safe navigation requires de-mining, infrastructure repair and a sequenced restart. The Lebanon-Israel ceasefire framework remains contested, with Israel reportedly willing to act against the deal and evacuation orders in southern Lebanon still in force. Lifecycle is in monitoring pending the Friday Swiss signing, confirmed de-mining and Israeli/Lebanese ceasefire adherence.

AI-generated from linked source reports. See our correction policy.

Part of:Middle East Regional Conflict and Insurance Market Disruption (2026)(418 related events)

Impact verdict

High impact. Reopening reverses peak Hormuz marine war-risk pricing but the transition is incomplete: de-mining and infrastructure repair, residual Iranian naval uncertainty, and an active Israeli theatre outside the framework with continuing Lebanon evacuation orders keep a war-risk tail premium in place. London Market exposure concentrates in marine war, marine cargo and marine hull, energy (including IUC and political risk tied to Iranian export reinstatement), and political violence/SDPI in Lebanon. Reported casualty, spend and food-price figures remain reported-only and should not yet anchor insured severity banding; corroborated coverage confirms reopening but not final terms or compliance.

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Geographic Zone Matches

13 active matches

  • OFAC Sanctioned Countries
    Rule-basedConfidence 100%
  • United Arab Emirates (12nm coastal buffer)
    Rule-basedConfidence 100%
  • TRIA Certified Areas
    Rule-basedConfidence 100%
  • JWC Listed Areas
    Rule-basedConfidence 100%
  • EU Sanctions List
    Rule-basedConfidence 100%
  • Iran (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Saudi Arabia (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Israel (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Pacific Ring of Fire
    Rule-basedConfidence 100%
  • Persian/Arabian Gulf, Gulf of Oman, Indian Ocean, Gulf of Aden and Southern Red Sea
    Rule-basedConfidence 100%
  • Caribbean Hurricane Zone
    Rule-basedConfidence 100%
  • Pakistan (12nm coastal buffer)
    Rule-basedConfidence 100%
  • Lebanon (12nm coastal buffer)
    Rule-basedConfidence 100%

Geographic zone matches are RiskEvents spatial/analytical indicators, not coverage determinations or Lloyd's official classifications.

Affected countries

🇦🇪 United Arab Emirates🇧🇭 Bahrain🇨🇭 Switzerland🇨🇳 China🇩🇯 Djibouti🇪🇬 Egypt🇫🇷 France🇮🇱 Israel

+12 more

Lloyd's classifications

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