juros

Blockade of the Strait of Hormuz and American bombardments

The war between Iran and the United States continues to pressure financial markets. With the return of the blockade of the Strait of Hormuz, the flow of ships was practically brought to a halt. In addition to the interruption of the Strait of Hormuz, two oil tankers that were transporting petroleum through the Bab el-Mandeb Strait—connecting the Red Sea to the Indian Ocean via the Gulf of Aden—were forced to turn back and sail toward the Suez Canal after the Houthis began a naval blockade of Saudi Arabia.
The American response was to resume bombings with the aim of striking civilian and military targets, including locations that may house Iran’s enriched uranium. Iran has promised that if it continues to disrupt the Strait of Hormuz, it will hit bridges, power plants, and other civilian targets. The objective of the United States appears to be forcing Iran to accept a new “ceasefire” in the face of the destruction caused by the bombings.
Brent crude prices surpassed yesterday US$ 94,00 per barrel. Analysts assess that if the straits remain disrupted until September, oil prices could reach above d US$ 120,00 per barrel. As a result, interest rates remain under pressure due to the increased likelihood that the Federal Reserve will raise the benchmark interest rate again. #Fed #Juros