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🛢️ The Strait of Hormuz Remains in Limbo🇺🇸 President Trump stated that ships have started moving through the Strait of Hormuz again, adding that the safest and fastest route currently runs along the southern side near Oman's coastline.
🇮🇷 Iran, meanwhile, confirmed it is working with Oman and other regional countries to ensure safe maritime traffic through the strait. However, Tehran has not completely ruled out the possibility of introducing transit fees in the future.
🔸 While a small number of vessels have already crossed Hormuz, major shipping associations continue to warn that conditions remain too uncertain and risky.
🔸 Neither the U.S. nor Iran has issued comprehensive navigation guidance, and reports suggest that clearing naval mines from the area could take several weeks.
🔸 As a result, many shipping companies are choosing to wait until the U.S.-Iran agreement is formally signed on Friday before resuming normal operations.
For now, Hormuz is technically reopening, but global shipping firms are still treating the situation with extreme caution.
#MyGateTradeStory $BTC