Hormuz Normalization Odds Dip as U.S. Ship Seizure Stalls Traffic
· flowframe Pulse
The market pulled back as maritime data showed transit through the strait at a virtual standstill following the U.S. Navy's seizure of an Iranian cargo ship over the weekend. With Tehran vowing retaliation and ceasefire talks in jeopardy, traders are discounting the likelihood of a return to normal shipping volumes by the April 30 deadline.
38¢ → 30¢ • Vol: $19.1M