**BREAKING: US Strikes Iran, Ceasefire Collapses in Strait of Hormuz**
The United States has launched strikes against more than 80 targets in and around the Strait of Hormuz, effectively ending a ceasefire with Iran that lasted only days. President Trump has declared the latest Versailles accord patch dead, though he indicated willingness to continue diplomatic discussions. The strikes mark a dramatic escalation in tensions around the critical maritime chokepoint, through which roughly one-fifth of global oil supplies transit daily.
Traders should brace for immediate volatility across energy markets and safe-haven assets. The Strait of Hormuz disruption threat sends crude oil prices sharply higher while raising concerns about supply chain security for Asian and European refiners. Currency markets are likely to see dollar strength alongside yen and Swiss franc gains as risk-off sentiment dominates. Regional equities, particularly in the Gulf states, face downward pressure.
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FXnCO Insight
** Position defensively with long crude exposure and watch for extended volatility in energy derivatives as geopolitical risk premiums reprice across commodities and FX pairs.
Source: FXStreet