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🇮🇷🇴🇲 Hormuz Update: Markets Still on Edge Iran and Oman reportedly reached an agreement on Hormuz passage on Aug. 15, while Trump’s “U.S. territory” remark was later dismissed as a joke. Iran remains firm on its position, and shipping restrictions continue to keep oil markets under pressure. Brent is around $88.5 after gaining roughly 6% this week, while WTI trades near $82.4. If tensions push oil toward $100, renewed inflation could keep the Fed hawkish — creating headwinds for $BTC and $ETH. But if navigation through Hormuz normalizes, easing energy prices and inflation could give risk assets room to rebound. 📈 #WeakConsumptionFedSplit #SP500EarningsGap #BTCETFsVsLeverage