A fragile thaw in Hormuz but timing and sequence now matter
Richard Meade writes: The U.S.-Iran agreement has injected a rare moment of relief into a region where merchant seafarers have paid the highest price. But while the headlines trumpet de‑escalation, the maritime sector is treating the news with something closer to wary disbelief than celebration. The Strait of Hormuz may be reopening, but the rules of engagement — literal and political — remain murky. The industry is still waiting for clarity on the administrative and practical arrangements governing the strait,…