‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as the U.S. and Iran dig in for prolonged escalation

"The end is not in sight. The Strait of Hormuz is effectively closed, and markets are starting to price in a prolonged, uncertain endgame." ...
Oil Price US on MSN

Futures Market Misreads the Hormuz Oil Shock

Physical crude prices are trading far above paper futures, indicating real shortages as buyers scramble for cargoes and refiners consider cutting operations.