US Iran Tanker Seizures Escalate Strait of Hormuz Tensions

The U.S. military and Iran both seized tankers in international waters this week, with Tehran striking vessels in the Strait of Hormuz. This maritime escalation occurs despite a broader ceasefire holding between the U.S., Iran and Israel. Oil supply disruption risks from Hormuz Strait tensions typically strengthen the U.S. dollar as a safe haven asset. Energy-dependent currencies like CAD and NOK face potential volatility from crude price swings.