Nine Days, Two Months: Mine Math Pins Hormuz YES at 6.5%
The Strait of Hormuz recovery contract fell to 6.5% as of 00:21 UTC Sunday, surrendering Saturday's 10.5% session high as an eight-week mine-clearance timeline renders the June 30 deadline structurally unreachable.
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The Strait of Hormuz recovery contract sits at 6.5% as of 00:21 UTC Sunday — down 2pp on the session that opened at 8.5% and briefly touched a 10.5% session high — as the two-month mine-clearance timeline that has held the market below 11% since the Iran peace accord reasserts itself. Nine days remain to the June 30 deadline; the demining estimate is eight weeks.
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