Moscow's Ambassador in Tehran says Iran allows passage of Russian Ships through the Strait of Hormuz "Without Problems", Asharq reports

The statement from Moscow's Ambassador in Tehran about Russian ships passing through the Strait of Hormuz without issues may signify a strengthening maritime alliance between Iran and Russia, which could contribute to regional stability in shipping channels. This is particularly relevant for energy markets, as any military escalations or disruptions in this key waterway could have significant implications for oil prices and overall FX market dynamics, particularly for USD and currencies of countries dependent on oil imports.