Current Middle East situation and the stock market
Iran's mine-laying risk is being acknowledged. Limited and sporadic mining may already have begun. However, mine-laying is not about a "complete blockading of the Strait of Hormuz," but rather a means to increase the threat and turn it into negotiating leverage. If Iran seriously laid mines to completely block the Strait of Hormuz, crude oil exports to China would stop, and Iran's own revenue source would be wiped out. A full blockade would be almost self-destructive. In response to the surge in crude oil prices, the Trump administration would surely want to finish the plan, which had been framed as a "4 to 5 weeks scenario," ahead of schedule.4〜5weeks anticipated
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