đš BREAKING:
đźđ· Iran has begun firing missiles toward the Strait of Hormuz during naval drills as indirect nuclear talks with the United States begin in Geneva. Iranian state media reports the live-fire exercise involves missiles launched near this critical waterway.
The Strait of Hormuz is a major global oil choke-point, with roughly 20% of the worldâs oil supply passing through daily.
Missile activity here raises tensions between Tehran and Western powers and could impact energy markets, shipping routes, and regional security.
The timing â during diplomatic talks â suggests Iran is demonstrating military readiness even as negotiations proceed.
đ Oil markets:
Threats or actual disruption of the strait often cause spikes in crude prices due to fears of supply bottlenecks.
â ïž Risk sentiment:
Heightened geopolitical risk typically pushes investors to safe havens (e.g., gold, USD) and increases volatility across global markets.
đĄïž Regional security:
This underscores how military posturing and diplomacy are unfolding in parallel â not necessarily in sync.