UPDATE: Iran claims Strait of Hormuz closed until "stability is restored"; US insists passage remains open to all vessels

Conflicting statements from Iran and the US over the Strait of Hormuz raise immediate geopolitical and shipping-risk premia, with potential disruption to a critical oil chokepoint. Even without confirmed physical blockage, elevated uncertainty can tighten near-term crude supply expectations, lift energy volatility, and pressure broader risk assets via inflation and growth sensitivity. Markets are likely to focus on maritime traffic data and escalation signals.