US Forces Clear Iranian Mines, Hormuz Strait Reopens

The reopening of the Strait of Hormuz after mine clearance removes an immediate supply-side disruption risk for global oil flows, which had been the core market concern. This affects energy traders and shipping insurers most directly, as the threat premium tied to potential closures may now unwind. The open question is whether this de-escalation holds or if further incidents re-introduce volatility, particularly given the strategic importance of the waterway to both crude and LNG shipments.