U.S. demands guarantees of passage through the Strait of Hormuz for Iran… tanker traffic effectively comes to a halt

The United States demanded that Iran guarantee free passage through the Strait of Hormuz. This demand is directly tied to the safety of crude oil and tankers passing through the strait.

The U.S. government strongly urged Iran to make a pledge to stop attacks in the strait. A U.S. official said that this pledge must be included.

Tanker traffic through the strait is almost at a standstill at the time of reporting. On some routes, ships have stopped sailing or have begun taking detours.

Reports said the attack was putting pressure on the recently concluded ceasefire. It was also noted that if the attacks continue, maritime passage could be further delayed.

China has temporarily banned helium exports because of the latest escalation in tensions. Helium is widely used for industrial purposes, including semiconductors and medical equipment.

In the market, the dollar edged lower amid stable labor market indicators. Geopolitical uncertainty is being reflected in financial and commodity flows.

The U.S. demands, Iran's response, and whether transit through the strait resumes are expected to determine short-term supply flows going forward. Related developments were 7the focus at the time of reports earlier in the month.