Many cargo ships are not ready to transit the Hormuz Strait after Iran reopened it, apparently due to concerns about mines and a lack of safety guidance.
President Trump announced that a large number of oil tankers are en route to the US to import "the world's best" oil and gas, though he did not specify details.
President Trump suggests countries affected by the Hormuz blockade, like the UK, should buy US oil or secure the strait themselves to 'get their oil back'.
The blockade of the Hormuz Strait not only crippled energy flows but also left a psychological "scar", forcing Middle Eastern nations to alter strategic calculations.
Conflict in the Middle East has pushed fuel and fertilizer prices to record levels, severely impacting numerous farms and driving them towards bankruptcy.
