IRGC claimed on Thursday that shipping through the Strait of Hormuz slowed sharply and then stopped following what it said was an Israeli ceasefire violation in Lebanon, according to CNN

The claim from the IRGC about a significant slowdown and eventual halt of shipping through the Strait of Hormuz following tensions related to Israel highlights increased geopolitical risks in a crucial oil transit route. This situation could lead to upward pressure on oil prices and send ripples through related commodities and currencies like the USD and JPY, as markets price in potential supply disruptions. Traders should monitor the developments closely, as ongoing tensions may influence market sentiment and asset allocations.