🚨🚨🚨 Iran reasserts its right to control shipping in the Strait of Hormuz after a ship was hit near Oman. Tehran warned Gulf states against siding with the U.S., a day after the attack highlighted the fragility of a preliminary deal to end the war. The U.N. The International Maritime Organization has now halted its ship escort operations through the Strait. This chokepoint handles roughly 20% of global oil supply. Any sustained disruption would hit energy markets, shipping costs, and inflation hard. Watching oil, energy equities, and macro risk premium closely.(Seth)