US General Caine says looking at range of options if tasked with escorting ships through Strait of Hormuz

General Caine's comments indicate a potential escalation in US military involvement in the Strait of Hormuz, a crucial chokepoint for global oil transport. This could heighten tensions, leading to increased volatility in oil prices and impacting risk sentiment across markets. Traders should watch for related developments as supply concerns may influence commodities and currency movements, particularly in oil-exporting nations.