WS #12806
Bloomberg data shows zero transit crossings in the Strait of Hormuz, a bearish escalation for oil supply chains despite ceasefire narrative. US and Iran hold fire for second consecutive day; oil drops 5%, Bitcoin back above $65,000, de-escalation narrative stable.
Strait of Hormuz Transit Drops to Zero
Bloomberg data shows zero transit crossings in the Strait of Hormuz, a bearish escalation for oil supply chains despite ceasefire narrative.
US and Iran hold fire for second consecutive day; oil drops 5%, Bitcoin back above $65,000, de-escalation narrative stable.