US Officials Confirm: Mines in Strait of Hormuz Cleared

The operative detail is that this removes a physical constraint on tanker traffic, not just a sentiment overhang, so the relief is structural rather than rhetorical. Shipping and energy desks priced that risk premium in for weeks, and its unwinding now depends on whether the clearance is verified as durable rather than a one-off. The open question is whether insurers and charterers treat the route as normalized again, since their risk assessments, not official statements, determine actual flows.