WS #14951
Iran has formally rejected a US-proposed 7-day ceasefire and blockade lift, while the IRGC confirmed the capture of a second US Remus 600 drone in the Strait of Hormuz. The Strait remains closed, cementing a prolonged supply disruption that threatens global oil flows and shipping insurance costs. This escalation reinforces the 'escalation' narrative and sustains risk premiums in energy and defense sectors.
Middle East Escalation and Hormuz Closure
Iran has formally rejected a US-proposed 7-day ceasefire and blockade lift, while the IRGC confirmed the capture of a second US Remus 600 drone in the Strait of Hormuz. The Strait remains closed, cementing a prolonged supply disruption that threatens global oil flows and shipping insurance costs. This escalation reinforces the 'escalation' narrative and sustains risk premiums in energy and defense sectors.