A fragile ceasefire has eased immediate escalation risks in the Strait of Hormuz, but shipping remains constrained and conditional. While limited vessel movement has resumed, it’s far from normal, with security considerations dictating transit and global energy markets remaining sensitive to any disruptions. A fragile ceasefire has eased immediate escalation risks in the Strait of Hormuz, but shipping remains constrained and conditional. While limited vessel movement has resumed, it’s far from normal, with security considerations dictating transit and global energy markets remaining sensitive to any disruptions.
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