Markets adjust to renewed tensions in Hormuz Strait
after close1 source ↓written by the desknot a recommendation
The oil market faces renewed uncertainty as the US-Iran peace deal remains fragile amid escalating tensions. Following the US's revocation of sanctions waivers and military strikes, Iran's threats to assert control over the Hormuz Strait could impact oil supply. Traders should brace for potential volatility in energy prices as geopolitical risks resurface. ⚡
• US revocation of sanctions waiver on 7 July
• Iranian military actions against US sites in the region
• Iran's vow for a "crushing response" to US strikes
Not investment advice. For informational purposes only.