The Strait of Hormuz is open, what risks remain?

The Strait of Hormuz is one of the global economy’s major arteries. It had been closed to most commercial traffic for about 6 weeks up to today. The reopening is good news for hundreds of ships that have been stuck. But questions remain about the safety of the passage. Questions, like how many underwater mines are still out there? Or what happens if the ceasefire falls apart? And those questions are crucial for the people who insure these vessels. Hundreds of ships have been stuck in the Strait of Hormuz for weeks. Even though it’s now open, safety concerns remain.