Hormuz shipping recovery slows as fresh clashes keep risk high

Fresh fighting in the Middle East has slowed the return of shipping through the Strait of Hormuz to normal levels, keeping war-risk premiums elevated and delaying the full recovery of oil exports from the Arabian Gulf.

Although the United States and Iran have agreed to halt hostilities and resume talks over the Strait, the latest escalation has emphasised how fragile the reopening of one of the world’s most important energy routes remains....