Trump’s Hormuz Open Claim Meets Cautious Seas as Ships Stay Put
President Trump asserted the Strait of Hormuz is reopened after a deal with Iran, but maritime trackers and industry officials say there’s little sign of normal traffic: roughly 220 tankers and about 500 ships remain trapped or moving only slowly, with insurers not yet resuming coverage. BIMCO warned that details on safe routes and mine-free passages are still unclear and the security situation remains volatile. Analysts expect it to take three to four months for traffic to normalize, as shipowners wait for broader assurances and for insurers to resume coverage. The oil market initially dipped on optimism, but actual transit levels have not recovered.