Framing Analysis
US-Israeli strikes on Iran began February 28 and largely halted commercial shipping through the Strait of Hormuz, which handles roughly one-fifth of global oil and LNG supply. Mitsui O.S.K. Lines CEO Jotaro Tamura stated that any US-Iran framework deal must produce observable improvements before vessels resume transit, with resumption possibly delayed weeks or a month. France, the UK and other nations have discussed naval escorts while the US signaled the strait will reopen without extensive additional assistance.