US military action may impact Strait of Hormuz
pre-market1 source ↓written by the desknot a recommendation
The US is contemplating a military operation in the Strait of Hormuz to ensure freedom of navigation, which could prolong the war by up to two months. This strait is vital for global energy, with 20% of the world's oil supply passing through it. Currently, many vessels are avoiding the area due to Iranian threats, impacting energy markets significantly.
Not investment advice. For informational purposes only.