The Iran-US standoff is no longer just a geopolitical story. It is a markets story. Every Gulf headline is moving oil 5 to 7% in a single session. Shipping companies are rerouting or sitting still. LNG buyers in Europe and Asia are paying historic premiums.
Tehran says the US violated the ceasefire first with its naval blockade and the seizure of the Touska. Washington disagrees entirely. Pakistan is stuck in the middle. With Wednesday’s deadline approaching and neither side publicly willing to move, traders are bracing for another brutal week.
By Shizza Farooqui
Sources: Al Jazeera, Tasnim News Agency, IRNA, CNBC, NBC News, CBS News, Rystad Energy, IEA
