Hormuz Market Ticks Up as US Destroyers Enter Strait Following Failed Talks
· flowframe Pulse
The market rises following reports that two US guided-missile destroyers entered the Strait of Hormuz on April 11 to begin mine-clearing operations. Traders are pricing in higher escort probabilities after President Trump ordered a naval blockade in response to the collapse of peace negotiations in Pakistan on April 12.
31¢ → 34¢ • Vol: $0.7M