Weeknd ICYMI: Iran closes Strait of Hormuz, expands Gulf strikes after US hits Iranian targets

The widening of Iranian strikes to Qatar and the UAE, states that had avoided attack for months, signals a material escalation that traders will read as a fresh supply-risk premium event rather than a contained flare-up. With Tehran again declaring the Strait of Hormuz closed and warning vessels against unauthorised transit, expect renewed upward pressure o…

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