US Military Says It Has Cleared Mines From Main Hormuz Shipping Lane

The reopening of the main Hormuz lane is a de-risking event for Gulf energy flows, and the six-month-high volumes suggest the market is already pricing restored transit capacity rather than lingering disruption risk. The sharper signal is the asymmetry: partner-nation crude and LNG moving freely while Iranian exports via these routes sit at zero, meaning the blockade is being enforced without throttling the broader Gulf supply chain. The open question is whether that zero holds as a durable state or becomes a negotiating variable, and whether the volume rebound persists once the initial backlog clears.