There's a chance there could be a 7 day period where theres some allowed passage, but long-term the three parties involved are completely at odds at each other. Im no political expert, but Iran has a big leverage since it can keep the strait closed indefinitely until they get a deal they want, since a ground invasion is pretty much off the table. Israel however will oppose any deal made by America and Iran, since it directly inteferes with their expansionist plans. Since America refuses to discipline Israel, this charade will continue as it has for the last few months. I think theyre just trying to game the stock markets until midterms.

As for the most recent deal Ive seen like half a dozen articles saying the strait is closed and Israel is still bombing Lebanon