The world's most important energy chokepoint may soon reopen, but insurance markets must regain confidence for the shipping sector to resume normal navigation. Meanwhile, Germany has dispatched two naval vessels for a possible mine clearance operation. #EuropeNews

Shippers have welcomed the news of the deal but are still waiting for more details, including mine clearance in the strait.

It is unclear how many mines Iran may have laid in the strait, which handled 20% of the world's daily supply of oil and liquefied natural gas before the war.