Araghchi says Hormuz could be reopened in two days if conditions met

Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz could be reopened within two days provided certain conditions are met, according to Middle East Eye. The headline implies the waterway is currently disrupted, and the transmission mechanism runs through physical crude and LNG flows, since roughly a fifth of global seaborne oil passes through the strait. Tanker freight rates, war-risk insurance premiums, and Brent and WTI futures are the most directly exposed, with Asian importers such as Japan, South Korea, and India carrying the greatest sensitivity to any delay. Traders should watch the specific conditions Araghchi attached to the reopening, along with weekly EIA crude inventory data and any statements from US Navy or Gulf shipping authorities confirming transit resumption.

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