US Conducts New Strikes In Iran Around Hormuz Strait After Drone Intercepts
Geopolitics
New US strikes in Iran near the Hormuz Strait follow drone intercepts, with Trump hardening his nuclear red line and IRGC threatening to turn the coastal corridor into a 'graveyard for aggressors.' The Strait handles ~20% of global seaborne oil — any escalation that credibly threatens closure would spike crude and defense names while hammering tanker-dependent refiners and rate-sensitive risk assets.
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Angle
↔ PAIR+6% target-3% stoptactical / 1-2 weeks or until ceasefire confirmed
Long USO and defense (LMT/RTX/NOC) on Hormuz closure risk; fade broad risk via short SPY as geopolitical premium re-prices higher.