Ten Seafarers Killed in 13 Attacks Amid Iran Conflict

Jim Bianco, president of Bianco Research posted on X, reports that ten seafarers have been killed in 13 attacks on merchant vessels since the Iran conflict began on February 28. This number surpasses the seven U.S. servicemen killed in the war. The focus is now on whether the Strait of Hormuz can be reopened and if the Administration is shifting its mission towards this goal. Each day without a clear reopening plan increases market risk.