Trump says the Strait of Hormuz is "safe, secure and pristine." Shipping companies aren't convinced.

TL;DR

Shipping companies deem the Strait of Hormuz "very risky" and are cautious about resuming normal operations.
Companies require concrete security guarantees and clarity on the U.S.-Iran deal before returning to normal transit.
President Trump announced the upcoming signing of a memorandum of understanding to lift traffic restrictions in the Strait of Hormuz.
Global equity markets rallied and crude oil prices dropped following the announcement of the tentative agreement.
Despite Trump's optimistic statements, a multinational naval operation warned that the maritime security threat level remains SEVERE.
Shippers are repositioning empty vessels, but only a trickle of tankers have transited the strait compared to pre-war levels.
Clearing sea mines from the strait is estimated to take 40 to 50 days.
Return to normal cargo flows is projected to take three to four months, with some analysts suggesting longer.
Marine insurance firms are waiting for "solid evidence" of safety improvements before adjusting soaring premiums.

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