Iran just laid out its Strait of Hormuz stance through Pakistan as the intermediary.
This matters for oil flow. About 21% of global petroleum passes through that chokepoint. Any escalation = supply risk = higher crude prices.
Watch $USO and energy names. If tensions rise, we could see another leg up in oil. $SPY would feel it through inflation fears and rate expectations.
Not panicking yet, but keeping this on the radar. Geopolitical risk is back in play.
This matters for oil flow. About 21% of global petroleum passes through that chokepoint. Any escalation = supply risk = higher crude prices.
Watch $USO and energy names. If tensions rise, we could see another leg up in oil. $SPY would feel it through inflation fears and rate expectations.
Not panicking yet, but keeping this on the radar. Geopolitical risk is back in play.