U.S. and Iran's Strategic Clash Over Hormuz Strait: How Markets Could React

U.S. President Donald Trump's declaration that he will soon declare the Hormuz Strait as 'American territory' has been sharply criticized by Iranian Foreign Ministry Deputy Kazım Garibabadi. Garibabadi emphasized that the strait cannot be 'seized by tweet, aircraft carrier, or political decree' and reiterated Iran's sovereignty over the waterway. The diplomat warned that the U.S. must 'accept its real defeat' and continue with sanctions unless it withdraws its threats. This escalation could disrupt global energy markets and financial systems, as the strait controls critical oil transit routes. How will this confrontation reshape geopolitical risk assessments and asset allocations in the coming months?