{"id":428616,"date":"2026-03-17T21:51:21","date_gmt":"2026-03-17T14:51:21","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/macron-says-they-will-participate-in-hormoz-mission-but-it-would-need-iranian-coordination\/"},"modified":"2026-03-17T21:51:21","modified_gmt":"2026-03-17T14:51:21","slug":"macron-says-they-will-participate-in-hormoz-mission-but-it-would-need-iranian-coordination","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/macron-says-they-will-participate-in-hormoz-mission-but-it-would-need-iranian-coordination\/","title":{"rendered":"Macron says they will participate in Hormoz mission but it would need Iranian coordination"},"content":{"rendered":"<div>\n<p>Trump yesterday hinted that France would ultimately get involved in a Hormuz operation and now we&#8217;re seeing signs that&#8217;s true, though with some strange caveats:<\/p>\n<ul>\n<li>Once strikes have stopped, we are read to take the responsibility of an escort system in Hormuz<\/li>\n<li>Any role in Hormuz would be only if there is an end to hostilities<\/li>\n<li>Any such Hormuz mission would need Iranian coordination<\/li>\n<\/ul>\n<p>This is a tough position to make sense of as it implies Iran would be involved rather than fighting it. Perhaps that makes sense if Iran splinters and a central government seeks peace while commanders near Hormuz continue to wage war? Or maybe it&#8217;s Macron trying to walk a fine line where he doesn&#8217;t really want to get involved while not directly rebuking Trump.<\/p>\n<p>Oil is higher today with WTI up $1.76 to $94.23 on the May contract. The news overnight was that Iran struck oil infrastructure targets in the UAE along with another taker near Oman.<\/p>\n<p>I think it&#8217;s worth a look at the monthly oil chart as it shows the spike falling short of the covid highs and now retracing somewhat. That&#8217;s a somewhat optimistic view but it&#8217;s worth highlighting that we&#8217;re only halfway though March and that candle could look much different on March 30, depending on what happens in Hormuz.<\/p>\n<p>Also notable today is that US stock market are higher despite higher oil prices. That&#8217;s a break in the recent correlation and suggests some optimism around the flows of oil. There is a sense that Iran doesn&#8217;t want to alienate the whole world so it&#8217;s allowing the shipping of oil for countries that are not Israel, the US or &#8216;allies&#8217;. That last one is tough to pin down but it&#8217;s a system that could ultimately allow enough oil through to keep prices where they are in the next month or two.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump yesterday hinted that France would ultimately get involved in a Hormuz operation and now we&#8217;re seeing signs that&#8217;s true, though with some strange caveats: Once strikes have stopped, we are read&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-428616","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=428616"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428616\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=428616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=428616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=428616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}