PiCK
US Defense Chief Says Iran Attack Doesn’t Amount to Full-Scale War; Hormuz Route Remains Open
Summary
- US Defense Secretary Pete Hegseth said Iran’s military action has not reached a level that would escalate into full-scale war.
- He said two US merchant ships passed through the Strait of Hormuz alongside a US Navy destroyer, and that the sea route remains open.
- Markets are focused on whether any closure of the Strait of Hormuz could directly affect oil supplies and volatility in global financial markets.
Forecast Trend Report by Period
Amid continued tensions in the Middle East, the US said Iran’s military action has not escalated to the level of a full-scale war. It also emphasized that shipping through the Strait of Hormuz is continuing normally.
Odaily, a US media outlet focused on digital assets, reported on May 5 that Defense Secretary Pete Hegseth said Iran’s attacks so far have not reached a point that would trigger the resumption of a large-scale military operation.
Hegseth also said two US merchant ships transited the Strait of Hormuz alongside a US Navy destroyer. The sea route remains open, he added.
The remarks were seen as easing some concerns over the risk of a broader military conflict in the Middle East. Markets are watching whether any closure of the Strait of Hormuz could directly affect oil supplies and volatility in global financial markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
