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Breaking Posted 3 hours ago

Iran threatens Strait of Hormuz closure over Israeli strikes

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Iran's military command announced Saturday it will close the Strait of Hormuz, a critical oil corridor, citing Israeli strikes on Lebanon that violate a ceasefire agreement. Oil prices will spike sharply, strengthening commodity-linked currencies like CAD and NOK while weakening risk assets. USD typically gains on geopolitical risk, but energy costs may pressure broader markets.
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