Strait of Hormuz to Reopen Toll-Free, Restoring 21M bpd Oil Flow
A US-brokered deal with Iran to reopen the Strait of Hormuz without tolls removes a major supply disruption risk. The announcement, including a G7-led demining exercise, is set to normalize crude transit, ease energy inflation, and reduce shipping insurance premiums. Markets are eyeing potential price dislocations as 21 million barrels per day return.