Mine-Clearance Timeline Holds Hormuz June Recovery at 17.5%

The Hormuz June recovery contract is at 17.5% as of 03:57 UTC Wednesday, with $592,488 in 24-hour volume, as mine-clearance timelines and insurance barriers continue to anchor the market below 20%. The session opened at the 20.5% peak; descended through 19.5% at 04:47 and 05:11 UTC; plateaued at 18.5% across 05:36, 06:00, 06:24, and 06:49 UTC; touched the 16.5% session low at 08:02 UTC; recovered to 18.5% at 09:40, 10:29, 10:53, and 11:17 UTC; dipped again to 16.5% at 11:42 UTC; bounced to 18.5% at 18:12, 20:39, and 21:03 UTC—before settling at 17.5%. The ceasefire ended hostilities; it did not clear the mines or reset the insurance costs that have strangled tanker traffic through the world's most critical oil chokepoint.

¶Why now