Iran is stopping message exchanges with U.S., may block Hormuz, Tasnim news agency says - Reuters
Geopolitics
Iran is halting diplomatic message exchanges with the US and threatening to block the Strait of Hormuz, a critical chokepoint for ~20% of global oil flow. If Hormuz is blocked even temporarily, crude benchmarks spike and energy equities surge while risk assets broadly sell off.
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Angle
↔ PAIR+6% target-3% stoptactical / 1-2 weeks
Long crude via USO / XLE on Hormuz blockade threat — geopolitical risk premium repricing higher; short SPY as tail-risk hedge.