Hormuz Deal Talk Still Has No Usable Protocol
Diplomats can say Hormuz is reopening, but shipowners still need text on mines, routing, fees, sanctions, and insurance.
Economy
Treasury Turns Hormuz Toll Paper Into A Sanctions Trap
The Strait dispute now has a compliance problem: paying or helping the toll regime may become sanctions exposure.
Oil Falls On Deal Hopes While Strait Risks Remain
Crude fell on deal headlines, but drones, mines, sanctions, and insurance still price the water.