Iran labels recent US military actions near a key oil chokepoint a ceasefire violation, but markets show no immediate USD reaction.
Iran’s Foreign Ministry condemned US strikes near the Strait of Hormuz, a passage handling nearly 20% of global oil supply, calling them a continuous ceasefire breach. The statement also expressed solidarity with Oman following US threats during European trading hours.
The Strait of Hormuz remains a critical geopolitical flashpoint, with prior tensions often triggering volatility in oil prices and risk assets. Earlier this week, the US Dollar Index (DXY) had climbed on broader risk sentiment before paring gains.
Markets showed no immediate reaction to Iran’s remarks. The DXY held a 0.12% gain at 99.30, retracing from earlier highs but remaining stable post-statement.