The Strait of Hormuz, a crucial global oil transit route, is set to reopen following a US-Iran agreement ending recent conflict. Approximately 500 ships and 20,000 seafarers have been stranded during the nearly four-month closure, initiated after attacks from the US and Israel. While ships are largely maintained and ready to move, some require hull cleaning due to marine growth. Initial transits are expected from private fleet owners and tankers linked to Kuwait, Iraq, the UAE, and Saudi Arabia, with insurers potentially requiring naval escorts. A full return to normal operations will be gradual, complicated by Iran designating a central area of the strait as a mine danger zone. Despite potential war risk insurance costs, high tanker earnings suggest these will not deter transit.