Iran-US Attacks Block Strait of Hormuz, Spooking Markets

Escalating attacks between Iran and the US have led to a complete blockade of the Strait of Hormuz, reviving worst-case fears in financial markets. The blockade threatens a fifth of global oil supply, though the extent of the disruption and duration remain uncertain. This marks a significant escalation from prior skirmishes, with direct implications for energy prices and global risk sentiment.

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