Possible scenario
Prolonged Partial Blockade
30% Chance
Iran keeps the Strait functionally constrained without fully closing it, using mines, patrol boats, drone warnings and selective tanker denials. The U.S. avoids immediate strikes while building a naval escort coalition, leaving markets to price sustained disruption risk.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- Oil prices Up
- 10-year Treasury yield Down
- US dollar Up
Secondary impacts
- Energy +3.0%
Portfolio impact
S&P 500-1.3%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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