IRGC says the Strait of Hormuz will be open to any state that expels US and Israeli diplomatic envoys from its territory starting tomorrow

The IRGC's announcement signals rising tensions in the Gulf, particularly affecting trade routes like the Strait of Hormuz, a vital passage for oil shipments. This move may lead to increased risk perception in energy markets and could trigger fluctuations in currency pairs involving the USD and JPY, as well as commodity prices like oil and gold. Traders should prepare for potential volatility as geopolitical risks escalate.