IRGC says no commercial vessels or tankers have passed through the Strait of Hormuz in recent hours, Fars reports

The absence of commercial vessels and tankers in the Strait of Hormuz highlights a potential escalation in geopolitical tensions, which could affect oil supply dynamics. This may lead to increased volatility in energy markets, likely pushing up prices for crude and impacting currency flows, particularly in commodity-linked currencies like the CAD and NOK. Traders should prepare for heightened risk sentiment and possible shifts in market positioning in response to any further developments.