WS #14230
Strait of Hormuz traffic near zero with no peace talks, oil prices approaching $90 Brent, and Iran declaring victory, keeping energy prices elevated. Trump orders Pentagon to scale back joint drills with South Korea, citing relationship with Kim Jong Un, potentially impacting regional defense posture and defense stocks.
Hormuz shipping halt and oil price surge
Strait of Hormuz traffic near zero with no peace talks, oil prices approaching $90 Brent, and Iran declaring victory, keeping energy prices elevated.
Trump orders Pentagon to scale back joint drills with South Korea, citing relationship with Kim Jong Un, potentially impacting regional defense posture and defense stocks.