Iran's conflict spreads to the Red Sea and Caspian Sea as the US pauses strikes. Traffic normalization in the Strait of Hormuz by August 31 at 14.5% YES.

The US conducted more strikes on Iran as both sides traded threats. Meanwhile the Iran-backed Houthis claimed to have struck two Saudi oil tankers in the Red Sea. Follow for live…

Iran's conflict escalates to the Red Sea, raising oil supply concerns. Strait of Hormuz traffic normalization by August 31 at 13.5% YES.