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The US Navy was "forced to flee’ after Iran fired a missile and drone - Iran's Tasnim News
Added at 6:52am
Added at 6:53am
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HORMUZ TENSION IS TURNING INTO A NAVAL RISK TRADE
Iranian state media said its navy targeted a U.S. destroyer in the Gulf of Oman after alleged Strait of Hormuz violations. CENTCOM denied it, saying: “Iran is lying. U.S. military assets at sea continue to fly, sail, and operate safely and unimpeded.”
The issue is not one claim. It is confidence in safe passage through a route tied to about 20% of global oil trade.
For markets, calm shipping cools Brent and gold. Fresh naval friction lifts crude, tanker insurance, defense stocks and safe-haven demand fast.
Added at 6:55am
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