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Great news, bullish reversal, quick recovery
Oil shipping routes are smooth, and next, oil prices are expected to fall, while risk assets (US stocks / Crypto) are set to rise
A key change has occurred in the Strait of Hormuz
A French-backed container ship, CMA CGM Kribi, has completed crossing the Strait of Hormuz, becoming one of the first known Western European vessels to successfully transit since the conflict began.
Travel route:
Departing near Dubai
Sailing close to the Iranian coast
Through the channel between Geshm Island & Larak Island
Currently near Muscat, Oman
The signal is very clear: the shipping lanes are restoring their capacity, even if it’s just “hugging the edge” of the route