energy · June 24, 2026
Strait of Hormuz Crisis Eases: Minehunters Deploy, Tankers Move, But Freight Rates Spike to 897% of Benchmark
A multinational mine countermeasures mission is taking shape in the Strait of Hormuz as stranded tankers begin moving and diplomatic progress draws cautious praise from marine insurers — but a near-nine-times benchmark freight rate signals the market remains far from normal.