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Posted 9 hours ago
US-Iran Interim Deal Reopens Strait of Hormuz, Eases Oil Stress
The US and Iran have signed an interim agreement to end hostilities and reopen the Strait of Hormuz, a critical chokepoint for global oil supply. Equities have largely absorbed the news, but central banks and traders remain focused on energy-supply risks and inflation spillover effects.
Oil-linked currencies such as CAD, NOK, and RUB are in focus, alongside safe-haven pairs like USD/JPY and USD/CHF. A sustained drop in oil prices from supply normalization could weaken petrocurrencies while reducing inflation pressure on major central bank rate paths.
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