Global Daily: Stranded

Markets laid in wait for war-related headlines yesterday after Trump truthed on Monday night that “negotiations with the Islamic Republic of Iran” were “proceeding nicely.” It’s also possible that “proceeding nicely” meant that the US was once again escalating to de-escalate, as hours later the US military confirmed reports of strikes against Iranian military assets, including speedboats which were laying mines in the Strait. While the news reel was sparsely populated, it did flag that the US Navy was restarting to guide ships through the Strait with a plan to help a dozen vessels through the passage in the coming days. However, minutes later a “US official” denied these claims, leaving traders, and vessels in the Strait, stranded.