US-Iran deal: Key questions remain over status of Strait of Hormuz
19 June 2026
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Iran and the US
Getting enough ships through the strait, refilling inventories, getting refineries back up and running or back to using Middle Eastern crude will take time, and a process over a year possibly, certainly several months. In the case of LNG, a few weeks to get the LNG trains up and running but two trains are also damaged, and they'll take several years or at least one year to repair. So there's a lot that needs to happen before things go back to normal and a lot that could go wrong."

