WS #10391
Iran has closed the Strait of Hormuz again, citing peace deal violations, with Kpler data showing a dramatic drop in ship traffic. Oil prices jumped (WTI +3.04%, Brent +1.23%) and US stock futures slid as risk appetite deteriorated. US and Iran held first-day talks in Switzerland covering Lebanon, Hormuz, and frozen assets, but Trump simultaneously threatened strikes on Iran if Hezbollah attacks Israel, undermining the peace process.
Iran closes Strait of Hormuz, oil spikes
Iran has closed the Strait of Hormuz again, citing peace deal violations, with Kpler data showing a dramatic drop in ship traffic. Oil prices jumped (WTI +3.04%, Brent +1.23%) and US stock futures slid as risk appetite deteriorated.
US and Iran held first-day talks in Switzerland covering Lebanon, Hormuz, and frozen assets, but Trump simultaneously threatened strikes on Iran if Hezbollah attacks Israel, undermining the peace process.