The US and Iran have escalated attacks amid heightened uncertainty over freedom of navigation through the Strait of Hormuz, with Trump stating the US will “keep the Strait” and “probably run it,” while both sides issue conflicting claims about whether the strait is open to shipping. The development materially raises near-term shipping and oil-supply risk, likely pressuring energy prices and trade flows if hostilities disrupt passage.
The US and Iran have escalated attacks amid heightened uncertainty over freedom of navigation through the Strait of Hormuz, with Trump stating the US will “keep the Strait” and “probably run it,” while both sides issue conflicting claims about whether the strait is open to shipping. The development materially raises near-term shipping and oil-supply risk, likely pressuring energy prices and trade flows if hostilities disrupt passage.
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moderately negative
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