Over the weekend, headlines about the Iran-Israel conflict have piled up, and the opening of the week is expected to be risk-off.

Whether the United States and the United Kingdom will be affected, and whether a blockade of the Strait of Hormuz could occur, are expected to be the focal points.

・ Iranian diplomat: Nuclear talks with the United States cannot be justified any longer while Israeli attacks continue - local reports
・ Iran’s Phase 14 South Pars gas field catches fire - Fars
・ Production at Iran’s South Pars gas field platform temporarily halted - Tasnim
・ Fire at two gas refineries in the south contained - Tasnim
・ Production of 12 million cubic meters of gas from Phase 14 of Iran’s South Pars oil field temporarily halted due to Israeli attacks - Tasnim
・ The Iranian military banned ships from traversing one of the world’s most important maritime chokepoints, the Strait of Hormuz

Addendum

・ Israel asks Trump administration to join - Axios
・ Monday in Iran, a vote on restricting passage through the Strait of Hormuz may be held - some reports
・ Iran has not ruled out the option of targeting tankers operating through the strait - some reports

The odds of the Strait of Hormuz being closed within the year have surged to about 40% over the weekend.

OVX has surged, signaling market turmoil.

United States