The Strait of Hormuz mine-sweeping debacle turns into a “Garden of Forking Paths”: the US insists it has been cleared, but allies privately still have doubts. A full restoration of the world’s energy chokepoint likely won’t happen that quickly. Geopolitical maneuvering is far from over, and shipping-lane security and oil-price fluctuations will remain the main themes in the market.

#霍尔木兹海峡 #地缘风险 #Energy Security