US strikes on Iranian port in Sirik kill three as Strait of Hormuz tensions rattle energy markets

The escalating US-Iran conflict could destabilize global markets, complicate sanctions enforcement, and intensify crypto's geopolitical role. The post US-Iran conflict escalates with strikes and drone attacks in Persian Gulf, rattling oil and crypto markets appeared first on Crypto Briefing.

The post Hormuz Risk Is Back: Why The Market Is Wrong On Energy appeared on BitcoinEthereumNews.com. The collapse of the U.S.-Iran ceasefire in Hormuz creates severe friction for oil and LNG routes, exposing corporate risk far beyond the price of crude. getty After a 23-day temporary ceasefire collapsed, U.S. Central Command said it struck more than 170 Iranian targets across two waves following attacks on three commercial vessels in the Strait of Hormuz. That same day, the U.S. Treasury’s Office of Foreign Assets Control revoked Iran’s temporary oil-sales authorization and replaced it with a wind-down license. Brent moved back above $76 recently, depending on the market snapshot used. That sequence looks like another oil shock. The larger signal is more awkward for companies: a ceasefire-linked route assumption and a sanctions permission both failed the same test. The oil market can move quickly. Trust in a shipping corridor moves more slowly. The next six months of Hormuz risk will b

The post Oil: Strait of Hormuz risks keep prices supported – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu highlights that Oil is back in focus as shipping through the Strait of Hormuz nears a standstill and ceasefire risks rise. iFlow data show energy equities flows stabilizing after June profit-taking, with valuations and under-ownership becoming more attractive. However, increased OPEC supply and weak Chinese demand are expected to cap long-term Oil price gains. Energy sector faces uneasy equilibrium “Energy prices are back in focus this week due to perilous state of the ceasefire. News that traffic through the Strait of Hormuz is at a near-standstill may reverse some of the recent easing in supply pressures. However, the market’s base case remains unchanged, i.e., that there will be no resumption of full-scale hostilities.” “The escalation drove oil prices higher and prompted the International Maritime Organization to urge shipowners to avoid the strait while safety canno

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