Energy Secretary Predicts Strait of Hormuz Reopening by Summer

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U.S. Energy Secretary Chris Wright told CNBC that the Iran-closed Strait of Hormuz will reopen "sometime this summer at latest" amid ongoing ceasefire tensions. The strait is a critical chokepoint for global oil shipments. Oil price expectations could impact commodity currencies like CAD, NOK, and AUD. Energy market stability affects risk sentiment, potentially strengthening risk-on currencies against safe havens like USD and JPY as supply concerns ease.

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