Stranded
Geopolitics
The US military confirmed strikes on Iranian assets including speedboats laying mines in the Strait of Hormuz, even as Trump signaled ongoing nuclear negotiations. The contradiction between diplomatic language and kinetic action raises acute risk of Strait disruption, lifting the tail risk premium on oil and shipping.
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Angle
↑ LONG+8% target-5% stop1-2 weeks tactical
Long energy tankers FRO / STNG and crude via USO on Strait of Hormuz disruption risk; escalation-de-escalation cycle keeps insurance and freight rates elevated near-term.