Iran Shuts Hormuz Strait Again, Oil Jumps 5% to $95

Iran closed the Strait of Hormuz again after brief reopening, citing dissatisfaction with US naval blockade. Brent crude jumped 5% to $95 as tensions escalate with Trump threatening strikes on civilian infrastructure if no deal reached. Risk-off sentiment likely to weaken commodity currencies like AUD and CAD while boosting safe havens JPY and CHF. Higher oil prices could support energy-linked currencies but geopolitical uncertainty may dominate trading sentiment.