Trump said costs from damage to ships and cargo would be covered using Iranian funds frozen by the US following new strikes by Houthi rebels that further strained global energy flows. The escalation raises downside risk to shipping and energy supply, with potential for higher energy volatility despite the stated funding mechanism from frozen assets.
Trump said costs from damage to ships and cargo would be covered using Iranian funds frozen by the US following new strikes by Houthi rebels that further strained global energy flows. The escalation raises downside risk to shipping and energy supply, with potential for higher energy volatility despite the stated funding mechanism from frozen assets.
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mildly negative
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