Iran maintains control over strategic Hormuz Strait amid tensions

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Published: 2 hours ago

Iran displays banner in Tehran declaring Strait of Hormuz will remain closed, emphasizing control over key shipping route. The strait handles roughly 20% of global oil transit, making it critical geopolitical chokepoint. Oil supply disruption fears could strengthen USD as safe haven while pressuring emerging market currencies. Commodity currencies like CAD and NOK may see volatility on energy price fluctuations.

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