US-Iran escalation raises Strait of Hormuz shipping risk

Bloomberg · 15 days ago
US-Iran escalation raises Strait of Hormuz shipping risk
  • US Central Command said Iranian forces launched ballistic missiles toward two US Navy warships before the US strikes on three Iranian crude carriers.
  • The renewed fighting around the Strait of Hormuz increases pressure on shipping and energy markets.
  • President Donald Trump continues to characterize the conflict as something short of war.