The UK Maritime Trade Operations Centre (UKMTO) has lowered its threat assessment for the Strait of Hormuz to "moderate", down from the "substantial" level it warned of two days earlier.

The behavior of Iranian forces "has become less volatile" and the U.S. Navy continues to provide oversight, the Joint Maritime Information Center said.

The UK Maritime Trade Operations Centre (UKMTO) has lowered its threat assessment for the Strait of Hormuz to "moderate", down from the "substantial" level it warned of two days…