Iran closes Strait of Hormuz, tensions rise with US strategy mockery
Iran’s closure of the Strait of Hormuz and public derision of U.S. strategy have pushed odds sharply lower on a resolution. A Trump announcement lifting the U.S. blockade by May 31 now sits at 43.5% YES, down from 60% just 24 hours ago. ## Market reaction Iran’s closure of the strait is a direct escalation…
