Iran’s Supreme National Security Council has warned it could close strategic waterways if the United States continues its military operations. This threat comes amid heightened tensions between the two countries, primarily centered around the Strait of Hormuz. The passage is vital for global oil and gas trade. Market pricing indicates only a 6.5% probability of traffic normalization by August 31, 2026. This escalation could extend beyond military exchanges to cause significant economic disruption.
Source: Read the original article
