Summary
- NATO is weighing possible military intervention if the closure of the Strait of Hormuz is prolonged.
- Walter Bloomberg reported that NATO will review deployment options if the Strait of Hormuz has not returned to normal operations by July.
- The Strait of Hormuz is a key route for global oil shipments and has become a major variable for global financial markets amid rising tensions between the US and Iran.
NATO is weighing possible military intervention if the closure of the Strait of Hormuz drags on.
Walter Bloomberg reported on May 19 that the alliance will review deployment options if the strait has not returned to normal operations by July.
The Strait of Hormuz is one of the world's key routes for global oil shipments. It has become a major variable for global financial markets amid escalating tensions between the US and Iran.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
