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US Military Announces Blockade of Strait of Hormuz; Oil Prices Surge 7%, DJIA Futures Fall 460 pts
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Although the US-Iran ceasefire agreement has largely held, Reuters cited the latest notice from the US Central Command stating that starting from 2:00 pm GMT on Monday (10:00 pm Hong Kong time on Monday), the US military will implement a maritime blockade in the Gulf of Oman and the Arabian Sea, applicable to all vessels regardless of nationality. Oil prices surged 7% on Monday, with Brent crude futures for June delivery rising to USD101 and New York crude futures for June delivery climbing to USD103. DJIA futures fell 460 points or 1%, while Nasdaq futures and S&P 500 futures each declined 0.4%. The US command notice stated that any unauthorized vessel entering or leaving the restricted areas may face interception, diversion or detention. However, the measures do not apply to neutral transit through the Strait of Hormuz to and from non-Iranian destinations. Analysts believe the measures may further escalate regional tensions and impact global energy transportation and the shipping market. (me/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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