Hormuz Escort Odds Ease Following UN Veto and Continued Combat Focus
· flowframe Pulse
The market pull back follows Russia and China’s veto of a UN resolution to authorize maritime escorts, as U.S. naval assets remain prioritized on degrading Iranian capabilities over commercial protection. Traders are reassessing the April 30 timeline after Energy Secretary Chris Wright and military analysts indicated that a secure environment for convoys has not yet been established.
21¢ → 18¢ • Vol: $0.5M