US officials say Strait of Hormuz will soon open to all traffic, but oil markets aren’t buying it yet

US officials announced that the Strait of Hormuz will soon be declared open to all traffic. Iranian negotiators attributed recent ship attacks to rogue military units. Despite these claims, oil markets remain skeptical, highlighting the fragile nature of geopolitical agreements. This ongoing uncertainty continues to influence risk assets and impact global economic stability, as market participants hesitate to fully embrace the news regarding the reopening of this critical maritime corridor for international shipping.