Markets
EUR/USD1.1751 0.10%GBP/USD1.3599 0.14%USD/JPY156.31 0.06%USD/CHF0.7792 0.01%AUD/USD0.7237 0.09%USD/CAD1.3620 0.13%USD/CNY6.8248 0.20%USD/INR94.67 0.05%USD/BRL4.9171 0.16%USD/ZAR16.40 0.05%USD/TRY45.26 0.07%Gold$4,701.30BTC$79,906 1.87%ETH$2,292 2.49%SOL$88.49 0.52%
China

Trump says Navy will 'shoot and kill' boats laying mines in Strait of Hormuz

Trump stated the US Navy will shoot to kill vessels laying mines in the Strait of Hormuz. This threat signals escalating tensions in the US-Iran conflict and heightened maritime security risks. Oil prices and global trade flows are directly impacted.

South China Morning Post334 h agoSHCOMP
China Shanghai port maritime shipping trade
Photo: JC Terry / Pexels

Trump's 'shoot to kill' directive against mine-laying vessels signals a new conflict phase. These statements are far more aggressive than his recent negotiations and ceasefire extensions. China is directly affected—approximately $11-12 billion of its oil supply passes through the Strait.

Chinese ship owners and importers have been warned cargo insurance costs will spike. International maritime traffic has become risky; some shipping companies are routing around Cape Horn, raising logistics costs. China's economy, already vulnerable to Trump's tariffs, now faces energy crisis. The PBOC will need to maintain tight monetary policy to combat inflation. Chinese equity markets continue to fluctuate amid these uncertainties.

GeopoliticsEnergyTradeSHCOMPChinaSouth China Morning Post
Source: South China Morning Post

More from China