Trump: we’re taking out lots of oil, control Hormuz Strait

In a recent statement, former President Donald Trump announced that the United States has taken numerous ships through the Strait of Hormuz and is executing intermittent strikes in Iran. This development marks a significant escalation in U.S.-Iran tensions, with Trump asserting control over the strategic waterway, a vital artery for global oil shipments. The announcement comes amidst ongoing military operations in the region and suggests a potential shift in U.S. strategy towards Iran. These actions follow recent reports of the U.S. military’s extensive operations in the area, including the protection of 18 million barrels of oil. Key Takeaways Pricing suggests Trump’s announcement is consistent with increased likelihood of U.S. military action in Iran, with the “US Invasion of Iran” market reflecting a 14.5% probability. The statement appears to decrease the likelihood of a U.S.-Iran agreement by the September 15 deadline concerning the Strait of Hormuz, with the market pricing showing a 2.7% probability. The escalation in military activity and control over Hormuz is consistent with scenarios where diplomatic negotiations are failing, impacting related markets. What to Watch Obser...