Energy Crisis Deepens
The Strait of Hormuz blockade continues into its third month, with roughly 20% of global oil passing through the critical chokepoint. WTI crude trades near $108/barrel as supply disruptions persist.
Trump Explores Options
President Trump confirmed exploring decisive options to end the crisis, while Treasury Secretary Bessent reported freezing nearly $500M in Iranian crypto assets. Iran's currency has depreciated 60-70%, facing a severe monetary crisis.