US futures indices declined following the seizure of an Iranian tanker in the Strait of Hormuz. The move has heightened fears of escalation in a critical global energy corridor.
- US forces seized an Iranian tanker in the Strait of Hormuz
- S&P 500, Nasdaq, and Dow futures declined in response
- Incident occurs in a critical global oil chokepoint
- Market fears of escalation outweigh previous hopes for de-escalation
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