A senior Iranian official said Iran wouldn't allow the US to reopen the Strait of Hormuz with "an unrealistic plan" and then exit the war without paying any reparations "for all the damage inflicted on Iran," according to WSJ citing Press TV

This statement from the Iranian official highlights escalating tensions regarding the Strait of Hormuz, a critical chokepoint for global oil shipments. Iran's insistence on reparations suggests a potential for heightened conflict that could disrupt oil supply and impact commodities like WTI and gold, while creating ripples in forex markets, particularly affecting USD and JPY. Traders should brace for volatility in energy prices and look for safe-haven plays as this situation develops.