So far it looks like oil markets are expecting that normal Hormuz traffic will resume soon. I wouldn't be so optimistic: I think that Iran's strategy is to close the strait at least until oil prices rise so much to cause a major economic crisis. They will not open it before that.
Quote
*Walter Bloomberg
@DeItaone
HORMUZ SHIPPING NEARLY HALTED
The Strait of Hormuz is effectively closed to most vessels as the Middle East conflict enters its second week.
Inbound traffic to the Persian Gulf has been at a standstill for the past 24 hours, with only Iran-linked ships continuing to pass.
