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🚨 US-Iran War — 4.5 Months and Still Ongoing
Started on February 28 under Operation Epic Fury.
Current Situation:
The Strait of Hormuz saw fresh strikes over the weekend.
The 60-day interim peace deal is close to collapse.
Damage So Far:
» 17+ merchant ships damaged, 7 abandoned.
» 12 seafarers killed or missing.
» 150+ tankers stranded at the peak.
» Oil crossed $100/barrel in March.
Latest:
» 2 UAE oil tankers hit in Omani waters.
» 1 Indian crew member killed.
» US Consulates in Abu Dhabi and Dubai closed appointments until July 15.
Market Impact:
Oil is at a 4-week high.
With 25% of global oil and 20% of LNG passing through Hormuz, disruption raises inflation risks.
Crypto: Risk-off sentiment continues to pressure $BTC .