Summary
- Russia said a US move to impose a blockade of the Strait of Hormuz could shock global trade and markets.
- Russia said uncertainty around the measure remains high, but it sees a strong chance of negative fallout for international markets.
- A blockade of the Strait of Hormuz could disrupt energy supplies and amplify financial market volatility.
Forecast Trend Report by Period
Russia warned that any US move to close the Strait of Hormuz could hit global markets.
Walter Bloomberg, an overseas economic news feed, reported on X on April 13 that Kremlin spokesman Dmitry Peskov said a US blockade of the Strait of Hormuz could shock global trade and markets.
Peskov said there was still considerable uncertainty over what specific measures Washington might take and declined further assessment. Even so, he stressed that the impact on markets would be unavoidable. Russia views such a step as highly likely to hurt international markets.
The remarks came as President Donald Trump weighs a possible blockade of the Strait of Hormuz targeting Iran, underscoring the risk that tensions in the Middle East could spread to the global economy.
The Strait of Hormuz is a key maritime chokepoint through which a significant share of global crude shipments passes. A closure could disrupt energy supplies and fuel volatility in financial markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
