Shutdown of shipping through Persian Gulf is far more than an energy crisis,” says Wood-Mackenzie analysis—as contractor McDermott International sees growth in region infrastructure restoration work.
Gold is sliding due to fears of a prolonged Middle East conflict and USD strength. Technical analysis confirms a structural shift to bearish on the H4 chart, breaking key support levels.
As the US blockade tightens on Iran’s ports and the Strait of Hormuz, experts warn of a prolonged frozen conflict with rising global economic and political risks.