Commercial shipping remains largely halted in the Strait of Hormuz as analysts express caution over the fragility of the recent US-Iran peace agreement.

The Strait of Hormuz was still largely devoid of shipping traffic in the hours following the announcement of a US-Iran peace deal, as analysts warned it remained uncertain how and when normal operations along the waterway would be restored. The only vessel moving in the strait on Monday morning was broadcasting its status as a patrol ship, according to data from vessel tracking platform MarineTraffic, as hundreds of commercial ships remained stranded in the region. The United States and Iran...