Strait of Hormuz · DIPLOMATIC
3/10
Severity
Oil prices declined significantly following reports of US-Iran diplomatic outreach and Iran's commitment to allow non-hostile vessel passage through the Strait of Hormuz.
AI Reasoning
The risk score is moderate-low because while diplomatic efforts are de-escalatory, the underlying conflict remains active, and the market volatility reflects high sensitivity to potential supply chain disruptions in the Strait of Hormuz.