Two Destroyers Enter the Strait and the Ceasefire Gets Harder to Believe
CENTCOM sent two destroyers through Hormuz to begin mine clearance while Iran denied the transit and Trump claimed all mine boats destroyed.
Dara Osei
Bureau: London
The $36 Oil Gap Will Not Close Until Someone Clears the Mines
Mine clearance in the Strait of Hormuz is the first tangible test of whether the $36 gap between futures and physical oil will narrow.
500 to 700 Ships Stuck in the Gulf and Mines Are Not the Main Problem
Up to 700 ships sit idle in the Gulf because insurers, not mines, are the real barrier to Hormuz transit.