Iran to deploy ships for mine clearance in Strait of Hormuz: FT

Iran plans to deploy ships, including oil tankers, through the Strait of Hormuz to clear mines before reopening the crucial waterway to other shipping, according to the Financial Times. This move comes amid ongoing tensions in the region, where the strait has been a focal point of the 2026 crisis involving Iran and the United States. The reported action by Iran appears to be a step toward normalizing maritime traffic, though it remains a controlled process with significant geopolitical implications. The Strait of Hormuz is vital for global oil exports, and the current situation has affected shipping and economic stability in the Gulf. Key Takeaways Iran’s decision to send ships through the Strait of Hormuz appears to suggest a proactive effort towards mine clearance, possibly indicating a step towards normalization. Market pricing suggests increased optimism about the strait reopening, reflected in a rise of YES probabilities for the Strait of Hormuz traffic market, though still at low levels. The presence of oil tankers in Iran’s planned fleet may indicate an attempt to demonstrate a partial return to commercial activity while managing security risks. What to Watch Watch for offic...