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Iran-US Skirmishes Worsen as Hormuz Shipping Traffic Dwindles

CTRYQ
Geopolitics & WarEnergy Markets & PricesSanctions & Export Controls

The US continued strikes against Iran for a fifth straight day and hit a sanctioned oil tanker near Iran’s main export terminal, signaling sustained escalation with no clear de-escalation. The targeted nature of the action raises near-term downside risk for oil supply flows and increases sanction-related disruption risk for Iranian exports.

Analysis

The US continued strikes against Iran for a fifth straight day and hit a sanctioned oil tanker near Iran’s main export terminal, signaling sustained escalation with no clear de-escalation. The targeted nature of the action raises near-term downside risk for oil supply flows and increases sanction-related disruption risk for Iranian exports.

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