A US-flagged ship operated by Maersk successfully transited the Strait of Hormuz with a US military escort on Wednesday.
The operation, part of "Project Freedom," marks a significant step in restoring safe passage through the waterway, which handles about 21% of global oil supplies. This move follows Iran's closure of the strait in March 2026 and recent direct combat between US forces and Iran's Islamic Revolutionary Guard Corps.
Market indicators suggest a reduced risk of a full-scale US invasion of Iran, with prediction markets pricing a lower likelihood of escalation. The focus now remains on military operations to secure the strait and any developments in US-Iran diplomatic relations.