Macron: US-Iran Deal on Hormuz Unlikely in Short Term

Macron's push for EU-level energy action signals that European policymakers are treating chokepoint risk as a structural concern rather than a passing headline, which matters for anyone pricing freight, insurance or crude flows through Hormuz. The near-term diplomatic vacuum he describes leaves that risk premium without an obvious off-ramp. The open question is whether Brussels converts this into concrete measures, and whether shipping and energy markets keep absorbing the uncertainty quietly or begin repricing it.