US envoy to India says India PM Modi and US President Trump spoke about the importance of keeping the Strait of Hormuz open

The conversation between PM Modi and President Trump about keeping the Strait of Hormuz open underscores the critical importance of this maritime route for global oil supply. Any escalations or commitments regarding security in this area could impact energy prices and ripple through equity and currency markets, particularly affecting oil-related assets and the USD given its safe-haven status in times of geopolitical uncertainty.