Iran’s parliament speaker has warned that the country’s hand is already on the lever regarding the Strait of Hormuz. This declaration follows a JPMorgan report indicating uncertainty in resolving the ongoing conflict in the region. The Strait of Hormuz remains a critical global energy chokepoint where tensions have escalated between the U.S. and Iran. Markets suggest that the likelihood of the U.S. imposing Hormuz fees remains low, with odds at approximately 5.8% YES by December 31, 2026.
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