Shipping Lines Await Details on Hormuz Reopening: Supply Lines

US President Donald Trump sounds confident the Strait of Hormuz will reopen to shipping starting Friday. At the Group of Seven leaders summit in France this week, it’s clear European allies don’t share his optimism.

Washington and Tehran still need to decide on the final steps for the interim peace deal that’s also being called a memorandum of understanding, set to be signed in Switzerland on Friday. Neither side has released a text.

As Bloomberg’s Oliver Crook reports from the G-7 summit in Evian, European diplomats say it’s not realistic to think the strait will see energy, commodities and goods ...