Possible scenario
Contained Maritime Campaign
−0.3%
Iran-aligned forces continue selective tanker harassment near Qatar and the Strait of Hormuz, but avoid a full closure of the waterway. The death of a seafarer raises insurance costs and naval alert levels, yet most crude and LNG cargoes keep moving under heightened risk protocols.
What it moves
- Consumer Services−0.7%
- Energy+0.5%
- Riskier companies' borrowing costs
- 10-year Treasury yield
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