Scott Galloway warns Strait of Hormuz blockade could escalate

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Published: 1 hour ago

Scott Galloway warns that a potential Strait of Hormuz blockade could create global trade disruptions, describing it as 'worldwide toll booths' that could escalate into broader economic warfare. The strait handles approximately 20% of global oil transit. Oil price volatility from Middle East tensions typically strengthens USD, CAD, and NOK while pressuring emerging market currencies. Traders should monitor energy-linked pairs as geopolitical risks in this critical shipping lane could trigger significant market moves.

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