Iran's shadow fleet remains operational, posing a threat to the Strait of Hormuz, despite US strikes on the Iran Navy, according to commentary from Israel's Hume cited by IRIB News.

Context

The ongoing activity of Iran's shadow fleet in the Strait of Hormuz raises concerns for global shipping routes, particularly for oil and gas supplies. This situation may lead to heightened volatility in energy markets, impacting commodities like WTI and natural gas, as well as currencies sensitive to geopolitical tensions such as the USD and JPY. Traders should monitor developments closely, as this could prompt shifts in market sentiment and pricing.

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