Iran says it has not blocked the Strait of Hormuz; oil prices and shipping costs both plunge.

```

The European shipping index futures main contract fell 5% intraday, after having risen more than 18%. According to reports, a senior Iranian military official stated that the Strait of Hormuz has not been blocked.

Article being updated......

Risk Warning and DisclaimerThe market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice, nor does it take into account the special investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investments made accordingly are at your own risk. ```