Iran could close Strait of Hormuz if US navy blockade persists – Fars News
Source Fxstreet
Citing an Iranian official, Fars News Agency reported on Friday that if the US naval blockade persists, Tehran will consider it a violation of the ceasefire and close the Strait of Hormuz, per Reuters.
Market reaction
Although the immediate market reaction to this headline was largelu muted, the US Dollar (USD) Index recovered slightly from the seven-week low it set near 97.60 earlier in the day. At the time of press, the USD Index was down 0.33% on the day at 97.85.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ethereum is testing resistance just below $2,400, caught between renewed buying interest and the lingering uncertainty that has defined the market for months. The price action looks tentative from
On-chain data shows the Bitcoin short-term holders reacted to the recent price surge by sending a significant amount of BTC to centralized exchanges. Bitcoin Short-Term Holders Deposited 61,000 BTC
A crypto analyst has sparked fresh debate after warning investors to consider swapping their Bitcoin (BTC) for XRP. He argues that the shifting global reserve standards could reshape which digital
XRP is holding just above $1.40 as the broader market searches for direction, with buyers and sellers locked in a standoff that has produced little more than sideways price action in recent sessions.
Gold (XAU/USD) price trades at $4,824, up 18% from its March 23 low of $4,097. The metal is pushing toward the upper trendline of a falling channel that has held since January 29.Yet the rally has thr
Related Instrument
