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Strait of Hormuz Tanker Attacks Hit Weekly High Since US-Iran War

Tanker attacks in the Strait of Hormuz have reached their highest weekly level since the US-Iran war began.

What happened

Tanker attacks in the Strait of Hormuz reached their highest weekly level since the US-Iran war began, according to Marine Insight.

What it means for the Nasdaq and TQQQ

The Strait of Hormuz is a key oil shipping route, so an increase in tanker attacks can raise concerns about oil flows and shipping costs. Those concerns can feed into oil prices, inflation expectations and interest-rate expectations, which tend to influence valuation-sensitive growth stocks in the Nasdaq-100. Because TQQQ seeks about 3x the daily moves of the Nasdaq-100, volatility linked to those shifts can be amplified in the fund.

Originally reported by Marine Insight. Written up by Quant Paradise from the report's headline; see the original outlet for full details.

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Education, not investment advice.