🚢 Iran opens the Strait of Hormuz - what’s actually happening💁‍♂️

Iran officially declared the strait open for commercial shipping during the ceasefire.

📊 But key details:

• passage is route-controlled

• still under Iranian supervision

• temporary - tied to the ceasefire

📉 Market reaction:

• oil drops sharply (10%+)

• risk assets rise

• tensions ease

❗️ Important: this is not a full normalization

The strait is open - but in a controlled and fragile state 🔥

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