#usstrikesirantankerstehranrestrictshormuz
Tensions between the United States and Iran have escalated sharply, putting the Strait of Hormuz back in focus for global markets.
Over the past 48 hours, CENTCOM says it redirected 92 commercial vessels and struck three Iranian crude tankers, destroying one. Iran, meanwhile, claims it attacked several tankers and US-linked assets and has warned that a restricted zone outside the Strait of Hormuz could be introduced in the coming days.
The situation matters far beyond geopolitics. Around 20% of the world's oil historically moved through the Strait, making any disruption a major concern for energy markets.
Oil prices are already reflecting the rising risk premium:
Brent: ~$97, up ~7.6% this week
WTI: >$92, up ~9% this week
For traders, the next headlines could be critical. Any signs of a ceasefire could trigger a quick reversal in oil's risk premium, while another military escalation could push prices toward the $100 level.
With tensions still elevated, volatility across oil, gold and broader risk assets could remain high.
Key assets to watch: $BZ, $CL, $XAU
#Oil #Gold #Geopolitics #Trading #Markets
