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We're checking in on the Iran deal a week after it's signing.

From Marketplace in Washington, I'm Kimberly Adams.

Traffic continues moving through the Strait of Hormuz today,

a week since the U.S. and Iran signed a memorandum of understanding,

pausing hostilities, and reopening the strait. But uncertainty remains over shipping and the fragility of the 60-day agreement.

As Fondiar Batman Gelage is the founder and CEO of the Bors and Bazaar Foundation, a London-based

think tank. He joins me now. Welcome. Kimberly, great to be with you. Where do things stand now

in terms of the ability of ships to move through the Strait of Hormuz? Well, we've seen some

indications that the understanding reached in the MOU between the U.S. and Iran is allowing more

maritime traffic to pass through the Strait of Horm hormones. This was obviously a significant goal

for the Trump administration, which has been trying to get back to normal in global energy markets.

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