Iran said the Strait of Hormuz has been shut, a potentially severe disruption to one of the world's most important oil transit chokepoints. The report also says the U.S. peace deal looks shaky, heightening geopolitical risk and likely putting upward pressure on crude prices, shipping costs, and broader risk assets.
Iran said the Strait of Hormuz has been shut, a potentially severe disruption to one of the world's most important oil transit chokepoints. The report also says the U.S. peace deal looks shaky, heightening geopolitical risk and likely putting upward pressure on crude prices, shipping costs, and broader risk assets.
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