Shippers remain cautious on Hormuz strait transit after US and Iran agree deal

By Kentaro Okasaka, Jeslyn Lerh, Emily Chow and Stine JacobsenJune 15 (Reuters) - Shippers in Asia and Europe said confidence in resuming transit through the Strait of Hormuz could take weeks to rebuild and navigation will only restart once safety is assured, after the U.S. and Iran agreed on a framework deal to reopen the waterway.U.S. and Iranian officials are expected to sign a memorandum of understanding to end their war, halt the U.S. blockade of Iran and reopen the strait on Friday. Global oil prices fell about 5% on Monday in response.