Iran has intensified its pressure campaign on the United States to extract concessions from Washington, according to a recent report. As part of this strategy, Iran is using missile and drone strikes, along with threats against maritime traffic through the Strait of Hormuz, a critical chokepoint for global oil shipments. The heightened geopolitical tension suggests that market participants view the likelihood of normalized traffic through the Strait by August 31 as low. Current pricing reflects only a 12.5% probability that traffic will return to normal by the end of August. Observers note that Iran’s escalated military posture and strategic use of the Strait of Hormuz are aimed at securing more favorable terms from the United States.
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