An announcement is expected regarding the reopening of the Strait of Hormuz, Al Arabiya reports, citing a source; An announcement will be made within hours or tomorrow regarding arrangements for the full reopening of the Strait of Hormuz

• Contacts are ongoing and progress has been made regarding the Strait of Hormuz.

Headlines of this kind, sourced to a regional outlet citing an unnamed contact, have historically preceded rather than confirmed an actual change in shipping conditions, and the pattern in past Hormuz episodes is that announcements outrun verification: what normalises the crude and product complex is not the statement itself but the resumption of laden transits, the repricing of war-risk insurance premia, and the behaviour of VLCC and product tanker freight rates, which tend to lag official declarations by days. The distinction worth drawing is between a full reopening with restored transit volumes and a partial or conditional arrangement, since the former unwinds the risk premium embedded in the front of the Brent curve and narrows prompt spreads, while the latter leaves the premium partially in place. The sourcing channel matters: single-outlet reports of this kind have on previous occasions been walked back or qualified by the states party to the waterway, and confirmation from the governments and naval authorities directly involved has typically been the tell that a move is durable. Worth watching are statements from those parties, tanker tracking data through the strait, and any shift in insurance market quotes, all of which have historically been the sequence through which de-escalation headlines get validated or fade. As an unattributed advance notice rather than a formal announcement, the signal is directional but unconfirmed.