The market’s keeping a close watch on the Strait of Hormuz after reports that a U.S. Apache helicopter went down near the waterway.

Both crew members were rescued safely, which is the most important part, and they’re still investigating what caused it.

It probably won’t move markets right away, but any news involving the Strait of Hormuz always gets attention because of how critical it is for global oil flows. That’s why I’m watching oil and gold pretty closely. If tensions pick up, $XAUT could start seeing some safe-haven flows again.

For now it’s just one to keep on the radar until we get more details.