Hormuz Recovery Odds Dip as Mine-Clearing Disputes Stall Transit Reopening
· flowframe Pulse
The market dipped as Iran denied US claims of clearing sea mines in the Strait and threatened to attack unauthorized vessels, casting doubt on a quick return to normal shipping. Negotiators in Islamabad reported serious disagreements over waterway control, while maritime experts warned that the current 90% traffic reduction will likely persist through the end of April.
34¢ → 25¢ • Vol: $6.6M