US Commerce Secretary Lutnick says Strait of Hormuz is open and ships are moving; US growth will hit 6% under Trump
- Will 'for sure' keep his job as secretary.
Context
The statement from US Commerce Secretary Lutnick highlights an important geopolitical stability regarding the Strait of Hormuz, ensuring that shipping lanes remain unaffected. This may positively influence energy markets and risk sentiment, particularly in the context of future US economic growth projections, which could bolster the USD's position against major currencies if realized.
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