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Iran does not offer any goodwill gestures on Strait of Hormuz crossing ahead of talks

As we count down to negotiations in Islamabad, it looks like Iran continues to want to hold its leverage ahead of talks with the US. According to the latest shipping data from Reuters, there’s still very minimal and restricted activity along the Strait of Hormuz in the past 24 hours.The data shows that only four dry-bulk ships have managed to sail through the strait in the past day. Meanwhile, there were four tankers that also managed to go through with three of them being Iran-linked tankers. Among those, it includes one that is a crude oil supertanker with two of them said to be returning back to Iran from previous destinations.Meanwhile, the data says that there is currently one sanctioned gas tanker and one dry-bulk ship in the process of sailing out of the strait. Even by counting all of that alone, it is still less than ten vessels put together in moving through the Strait of Hormuz. And Iran continues to only favour ones that either they are linked with or for respective allies.In essence, nothing has really changed even after the ceasefire. And I guess Iran has already made that clear, especially when they reaffirmed that the truce has been violated already. But with shipping data, at least we can verify any claims made out. And from what we can see above, it is clear that Iran continues to keep a stranglehold over passage along the strait.Ahead of talks that will take place today or this weekend, Iran continues to want to hold some leverage over Trump and the US. Control over the Strait of Hormuz is their ace in the hole and they will hang that over the US president if so they must, in order to try and gain better negotiating prowess.
This article was written by Justin Low at investinglive.com.

đź”— Source

đź’ˇ DMK Insight

Iran’s shipping restrictions in the Strait of Hormuz could signal heightened geopolitical tensions, impacting oil prices and related markets. With minimal activity reported, traders should brace for potential volatility in crude oil futures. The Strait of Hormuz is a critical chokepoint for oil shipments, and any escalation in tensions could lead to supply disruptions. If negotiations with the US falter, we might see a spike in oil prices as traders price in risk. Keep an eye on the $80 per barrel level for WTI crude; a breach could trigger further buying. Conversely, if talks progress positively, we could see a pullback in oil prices, so watch for any news updates closely. Here’s the thing: while mainstream coverage might focus on the negotiations, the real story is the potential for sudden price swings in oil and related assets. Traders should monitor not just oil futures but also ETFs and stocks tied to the energy sector for any signs of movement.

đź“® Takeaway

Watch for oil prices around $80 per barrel; geopolitical developments could trigger significant volatility in the coming days.

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