The Strait of Hormuz has reopened to commercial shipping, following a period of heightened tensions in the region. However, despite the reopening, significant apprehension remains among shipping operators and insurance companies. These key players in global trade are adopting a cautious “wait-and-see” approach, hesitant to immediately resume normal operations. Concerns center on ensuring the safety and security of vessels transiting the vital waterway. The ongoing geopolitical instability in the area fuels these anxieties, prompting a reluctance to risk potential disruptions or attacks. This cautious stance could impact global oil supplies and trade routes in the short term, as companies prioritize risk mitigation. Further developments and a demonstrable improvement in regional security are needed to restore full confidence in the Strait of Hormuz.