Hormuz normalization odds dip as Iran seizes two container ships
· flowframe Pulse
Market confidence in a May recovery pulled back after the IRGC seized the MSC Francesca and Epaminondas on Wednesday, despite a ceasefire extension from the Trump administration. Continued maritime hostilities and reports of gunfire damage to commercial vessels indicate that shipping traffic remains at a virtual standstill compared to pre-war levels.
56¢ → 53¢ • Vol: $1.7M