The US military has stated that it has not observed Iran closing the Strait of Hormuz, a key oil shipping route. This news helps ease market concerns about potential supply disruptions, providing a calming effect on oil and macro markets.
The US military has stated that it has not observed Iran closing the Strait of Hormuz, a key oil shipping route. This news helps ease market concerns about potential supply disruptions, providing a calming effect on oil and macro markets.