US and Israel are intensifying attacks in an effort to force Iran to open the Strait of Hormuz and reach a cease-fire deal, NYT reports
The intensifying military actions by the US and Israel against Iran could lead to significant disruptions in the Strait of Hormuz, a critical chokepoint for global oil shipping.
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US and Israel are intensifying attacks in an effort to force Iran to open the Strait of Hormuz and reach a cease-fire deal, NYT reports
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This escalation heightens geopolitical risk, which often results in increased volatility in energy prices and a potential flight to safe-haven assets like gold and the USD, impacting broader market sentiment during the EU and US sessions.
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