Dubai: The sailing through the Strait of Hormuz has begun. Commercial shipping through the Strait of Hormuz resumed yesterday after a memorandum of understanding to end a conflict between the United States and Iran came into immediate effect. The agreement was signed by U.S. President Donald Trump and Iranian President Masoud Peseshgiyan on Wednesday.
According to Thai News Agency, while shipping volume in this strategic strait is slowly recovering after being nearly paralyzed since the outbreak of war on February 28, recent data indicates that vessel density remains below normal levels, and the global shipping market continues to maintain a cautious stance.
Meanwhile, President Trump posted a message on the TruthSocial platform confirming that the US would lift the naval blockade, allowing oil shipments to resume. However, this agreement faced domestic pressure, with some Republican members of Congress questioning whether the US leader had made too many concessions to the opposition. The deal eased sanctions, lifted asset freezes worth over 350 billion baht, and allowed Iran to immediately export oil, contradicting Trump's earlier demand for unconditional surrender from Iran.
On the Iranian side, Supreme Leader Ayatollah Mojtaba Khamenei indicated that President Trump signed the agreement out of desperation, and warned that future negotiations on the nuclear program, which are timely under the agreement for 60 days, will not be easy. The Supreme Leader emphasized that Iran will not accept any offers from the United States that are too excessive. Furthermore, the US plans to impose additional conditions to limit Iran's long-range missiles and establish a reconstruction fund worth up to 10.5 trillion baht.
Meanwhile, Israel, which did not participate in the negotiations and has clearly distanced itself from the agreement, continues to launch attacks against Hezbollah militants in Lebanon, a key ally of Iran. This has raised questions about whether the ceasefire between the United States and Iran can truly maintain peace and lead to lasting stability.
In addition to political turmoil, this war has left a huge financial burden. The Wall Street Journal reported that the Department of Defense informed Congress that it urgently needs approximately 2.8 trillion baht in additional funding to cover the costs of the Iran war and other related expenses. The full budget request is expected to be submitted to Congress for consideration in the next few days.