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Trump said on Truth Social on Nov 14 that US military operations have stabilized the Strait of Hormuz and that he will pursue a naval blockade of Iranian ports, while withdrawing a planned 20% US remittance fee in exchange for expanded Gulf-state trade and investment. A blockade of Iranian ports threatens Iran's roughly 1.5M bpd of crude exports and raises Middle East escalation risk, a channel that supports Brent and WTI prices, gold as a geopolitical hedge, and can pressure risk assets including BTC if oil-driven inflation revives hawkish Fed repricing. Watch whether the blockade moves from rhetoric to enforcement and any Iranian retaliation around Hormuz, through which about 20% of global oil transits; actual tanker disruption would be the trigger for a sustained crude and volatility spike.
As a Macro signal, watch whether it changes price action, volatility, or flows around CL=F, BZ=F, GC=F.
Original Source: 블록미디어
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