Reports of continuation of Iran's shipping activity in the south despite the threat of US blockade, Tasnim reports citing sources, says Iran's "sea transportation process continues normally and without interruption"

The continuation of Iran's shipping activity amidst threats of a US blockade suggests an escalation in geopolitical tensions that could impact oil and commodity markets. Depending on the durability of this stance, we may see volatility in energy prices and potential sell-off in risk assets, especially if investors perceive increased risks to supply chains. Watch for movements in oil and gold as safe havens become more attractive amid these developments.