Hormuz remains at risk even as the ceasefire opens the door to talks
🔎 Iran is pushing the idea of charging ships to pass through the Strait of Hormuz during post-ceasefire negotiations, showing that the world’s most important energy shipping route is still far from returning to normal.
⚡ The White House says its goal is to reopen Hormuz for oil tankers and commercial shipping without restrictions or transit fees, while Greece has strongly opposed the idea, arguing that it would undermine freedom of navigation.
🌍 Hormuz handles about 20% of global seaborne crude oil and LNG flows, so even a partial tightening of transit conditions or a rise in passage costs would quickly feed into energy prices, insurance costs, and freight rates worldwide.
📈 For markets, the key issue is no longer just whether Hormuz reopens, but under what terms. As long as transit remains tied to control and negotiation, the risk premium in oil and LNG is unlikely to fade quickly.