Hormuz transits halted as US-Iran MoU expires
pre-market1 source ↓written by the desknot a recommendation
- between Iran
- 60-day ceasefire agreement
Transits through the Strait of Hormuz are at a standstill following the expiration of the 60-day ceasefire agreement between Iran and the US. President Trump has threatened military action against Oman, raising concerns over global oil supply. This disruption affects one-third of global seaborne crude flows, driving crude oil prices higher amid escalating tensions.
Not investment advice. For informational purposes only.