Here, the Strait of Hormuz issue plays a crucial role. As this narrow waterway passes through toward one-fifth of the world’s oil supplies, therefore this waterway is of vital importance for economic stability and military strategy.

During the negotiations, Iran did not give in to the U.S. pressure regarding reopening the route and restricting its nuclear program. It asserted that these demands are “excessive,” while American officials remained steadfast in their conditions.

To make matters worse, the United States has already started military action in an attempt to ensure passage. Mine clearance operations and naval movements are indicators that Washington is preparing contingency plans whenever diplomatic efforts falter. These developments have placed global markets on the brink of collapse, oil flows have been cut off, and risk sentiment across all asset classes has declined.📈🚀❤️❤️❤️❤️❤️💫