South Korea condemns attack on vessel amid Strait of Hormuz tensions

Prolonged closure of the Strait of Hormuz could trigger global economic instability due to soaring oil prices and disrupted supply chains. The post Morgan Stanley warns of oil price risk if Strait of Hormuz remains closed appeared first on Crypto Briefing.

The KOSPI's potential surge highlights South Korea's pivotal role in the AI-driven memory chip market, but geopolitical risks loom large. The post JPMorgan raises KOSPI bull case target to 8,500 on memory chip boom, and crypto may feel the squeeze appeared first on Crypto Briefing.

The KOSPI's potential surge highlights South Korea's pivotal role in the AI-driven memory chip market, but geopolitical risks loom large. The post JPMorgan raises KOSPI bull case target to 10,000 on memory chip supercycle appeared first on Crypto Briefing.

The disruption in the Strait of Hormuz highlights vulnerabilities in global energy supply chains, potentially driving long-term shifts in trade routes. The post Iran crisis disrupts Strait of Hormuz, insurance withdrawal impacts shipping appeared first on Crypto Briefing.

The incident exacerbates energy costs, impacting Bitcoin mining profitability and potentially destabilizing geopolitical negotiations. The post South Korea confirms external strikes caused fire on HMM Namu, sending ripples through crypto mining economics appeared first on Crypto Briefing.

The post Iranian drones strike South Korean ship in Strait of Hormuz, tensions rise appeared on BitcoinEthereumNews.com. ## Market Snapshot Strait of Hormuz Traffic Normalization market is currently priced at 42.5% YES for normalization by end of June, down from 54% a day ago. The market for normalization by May 15 is at 0.9% YES, a sharp drop from 4% a day prior. ## Key Takeaways – The incident appears to suggest ongoing instability in the Strait of Hormuz, impacting the likelihood of normalization. – Markets suggest a decreased probability of normalization by May 15, consistent with recent hostilities. – There is an indication that the probability of further Iranian military actions has increased due to the recent drone strike. ## Article Body A South Korean cargo ship, HMM Namu, was struck by two Iranian drones in the Strait of Hormuz, causing damage and a fire, according to South Korean government confirmation. The incident is part of a broader context of tensions involving the US,

Rising tensions in the Strait of Hormuz could disrupt global shipping routes and escalate geopolitical conflicts, affecting regional stability. The post Iranian drones strike South Korean ship in Strait of Hormuz, tensions rise appeared first on Crypto Briefing.

The high-level trade talks may signal a potential thaw in US-China economic relations, impacting global markets and investor confidence. The post China’s He Lifeng to lead trade talks with US delegation in South Korea appeared first on Crypto Briefing.