US-Iran deal: Can the Strait of Hormuz get the world moving again?

The US and Iran are on the verge of a major deal aimed at reopening one of the world's most important shipping lanes. But even if an agreement is signed, how quickly can things return to normal? How soon can oil tankers and LNG shipments return to service? When might energy supplies begin to ease? And how long before drivers, businesses and households actually feel the benefit through lower prices? Markets may react within hours, but the real-world impact could take much longer.

This is the latest episode of our weekly Power Players show. It's hosted by Rahul Tandon in the UK and our North America Business Correspondent Michelle Fleury in New York, in conversation with the BBC's Economics Editor Faisal Islam.

Producer: Niamh McDermott

Editor: Stephen Ryan

Executive Producer: Justin Bones

(Picture: People drive past an anti-U.S. billboard depicting U.S. President Donald Trump and the Strait of Hormuz, in Tehran, Iran, May 17, 2026. Credit: Majid Asgaripour/WANA - West Asia News Agency)