Will the Strait of Hormuz reopen immediately once an agreement is announced? Baghaei has dismissed claims that a bilateral agreement with Oman would automatically lead to the reopening of the Strait of Hormuz. Will an agreement on the Strait of Hormuz mean peace between the US and Iran? Reporting from Tehran, Al Jazeera’s Mahmoud Abdelwahed said a deal on the Strait of Hormuz does not mean an “end to the crisis”. “The Iranians have learned that by blockading the Strait of Hormuz, they can make the global economy scream,” he said.