Fundamental Analysis
Posted 2 hours ago
Strait of Hormuz Remains Tense Despite New Peace Deal
The Strait of Hormuz, a critical global oil chokepoint, remains under IRGC-imposed closure as a peace deal takes hold, with few vessels daring to transit. The ongoing blockade continues to disrupt global oil flows, keeping energy markets on edge.
Oil-linked currencies face pressure: USD/CAD, NOK pairs, and USD are in focus. A prolonged closure threatens global growth, supporting safe-haven flows into USD, JPY, and CHF while pressuring risk-sensitive and oil-import-dependent currencies like JPY and EUR.
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