Strait of Hormuz Reopens

The announcement by Iranian Foreign Minister Abbas Araghchi that the vital shipping lane is 'completely open' triggered an immediate 9% drop in oil prices and record highs on Wall Street.

Despite this opening, maritime traffic remains cautious as the U.S. Navy continues to enforce a blockade on Iranian ports and warns of potential mine threats.

Negotiations are expected to resume in Pakistan, with President Trump expressing optimism for a swift resolution to the two-month conflict.

Analysts warn that restoring energy supply chains to pre-war levels will take months regardless of political pronouncements.