The US military escorted 40 commercial vessels carrying 18 million barrels of oil through the Strait of Hormuz, marking a wartime high as Iran and the US exchanged a new round strikes on Tuesday, two US officials familiar with the operations told CNN.
- The US military successfully escorted a record 40 commercial vessels carrying 18 million barrels of oil through the Strait of Hormuz, while fending off Iranian drone attacks.
- Despite the success, energy companies remain wary of the risks, and high energy prices are causing turbulence in the global bond market.
- The US strategy focuses on degrading Iran's ability to threaten commercial shipping and maintain a naval blockade, though achieving 'total control' of the strait faces skepticism from industry officials.
Topics: Asset types, Jurisdictions, Market cycles macro sensitivity, Real assets, Cross jurisdictional policy, Market volatility liquidity
Tags: #straitofhormuz #iraniandrones #oiltransport #usmilitaryescort #commercialvessels #wartimehigh #energyprices #globalbondmarket #navalblockade #shippingindustry
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