🚨 Trump just rejected Iran’s 7 day plan to reopen the Strait of Hormuz. 👀🛢️
Iran had proposed reopening the strategic waterway within seven days and restarting negotiations through mediators.
Trump said he rejected the proposal.
Why does this matter?
🌍 Hormuz is a major global oil chokepoint
🛢️ Around 20% of global petroleum liquids consumption has historically moved through the strait
⚠️ Prolonged disruption can increase supply and shipping pressure.
For markets, the key story is geopolitical risk and energy supply uncertainty.
👀 If Hormuz remains disrupted, how much longer can oil markets stay under pressure?
$XOM $CVX $BTC
CVX
2.096
-3.94%
XOMon
Alpha
--
--