Immediate Answer: Following months of heightened tension and skyrocketing energy costs, global fuel markets are stabilizing as the Strait of Hormuz officially reopens to commercial traffic. This critical maritime corridor, which carries approximately one-fifth of the world’s seaborne oil, is now clearing a massive backlog of tankers, signaling a shift from crisis-level pricing toward a more stable, albeit higher-than-normal, economic environment. What Happened: Good evening.
