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Back Fundamental analysis
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Back Fundamental analysis
Movement of vessels through Strait of Hormuz stops completely today
Risk assets fell against the US
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Risk assets fell against the US dollar on news that ship traffic through the Strait of Hormuz on Thursday stopped completely after Iran fired on merchant vessels and claimed it seized at least two ships, the first such incident in nearly eight weeks of the war with the US and Israel. Investors reacted to this escalation immediately. Demand for the US dollar, traditionally a safe-haven asset in times of geopolitical uncertainty, rose again. At the same time, risk assets such as the
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Jakub Novak,
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