Resumption of Hostilities Between US and Iran Sparks Geopolitical Tensions
The resumption of hostilities between the U.S. and Iran has led to a significant drop in shipping through the Strait of Hormuz, with only 30 ships transiting over the weekend compared to more than 100 daily before the conflict began. Brent crude oil prices have surged above $90 per barrel due to heightened supply concerns.
