This week, the reopening of the Strait of Hormuz has become one of the most closely watched developments in global trade and maritime security. After weeks of severe disruption, the passage is beginning to move again in a limited and cautious way. For energy markets, shipping operators, insurers, and risk professionals, this is an important sign. It does not mean the crisis has fully passed, but it does suggest that controlled movement is returning to one of the world’s most
