Geopolitical Risk Is Rising Once Again

- Iran seized a U.S. oil tanker that had loaded in Iraq and was on its way to Turkey on Thursday. The act was one of retaliation for the U.S. seizure of a ship last year carrying what Washington said was Iranian oil for China in violation of sanctions. The vessel seized was the same vessel, under a different name, that was seized for carrying Iranian oil in 2023. - The Houthis launched their biggest attack in the Red Sea yet on Tuesday this week, with the U.S. and UK shooting down 21 drones and missiles targeting merchant vessels near the Bab el…