US President Trump admin cannot promise to reopen Strait of Hormuz quickly, CNN reports

The difficulty in promising a quick reopening of the Strait of Hormuz reflects heightened geopolitical tensions, which could lead to increased volatility in oil prices and safe-haven assets like gold. This uncertainty may also weigh on risk sentiment across equities and forex markets, particularly impacting currencies tied to energy exports and imports. Investors should keep an eye on how this situation develops, as prolonged disruptions could have significant economic implications.