PhoTime
Sep 28, 2:07 AM
This weekend, Trump rejected Iran’s latest proposal, calling it insufficient. According to reports, he expects U.S. bombing to hit harder after the November midterm elections, while senior officials have discussed potentially intensifying military action with new technology. (Source: Reuters)
Iran’s military has warned it is prepared for renewed U.S. attacks & could respond with different tactics and technologies.
The key economic pressure point remains the Strait of Hormuz. Prolonged disruption could keep pressure on oil supplies, tanker availability, freight rates and war-risk insurance costs.
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The longer Hormuz remains disrupted, the more important tanker capacity, freight rates & insurance costs become for global energy markets.
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