How is the Strait of Hormuz affecting the stock market?

As diplomacy stalls in the Middle East, traffic in the Strait of Hormuz and throughout the Red Sea is also slowing down. Markets appear to be looking past the conflict, but with energy prices surging, investors may be overly optimistic about a resolution. Tony shares a bearish trade idea in a building supply company stuck in an unfavorable macro setup as well as a bullish opportunity in gold, which could benefit from the ongoing tensions with Iran. View transcript Watch the video replay Options Disclosure Document