US Stocks Rally Despite Iran War, Oil Surge, Trump Tariffs

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Wall Street recovered from March 27 correction territory when Dow and Nasdaq fell over 10% amid Iran war and climbing oil prices. By May 13, markets rallied despite continued conflict, closed Strait of Hormuz, and high energy costs. USD faces conflicting pressures from stock market strength versus geopolitical risks and energy inflation. Oil-sensitive currencies like CAD and NOK could see volatility, while safe-haven flows may support JPY and CHF amid ongoing Middle East tensions.

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