The IRGC has turned back a container ship, named Selen, in the Strait of Hormuz

The IRGC's interception of the container ship Selen in the Strait of Hormuz signals heightened tensions in a strategically crucial maritime route. This incident could lead to increased volatility in oil markets, as disruptions in this area often provoke concerns over supply security, which is significant for both crude prices and broader risk sentiment. Keep an eye on safe-haven assets like gold and the USD as shifts in geopolitical risk typically influence these markets.