What the news says
The Strait of Hormuz is the world's most important crude oil and petroleum product shipping route. This statement directly relates to geopolitical risks for crude oil prices (WTIC) and global energy supply, as Iran's ability to close the strait is a potential threat often monitored by energy markets.
07/14, 08:11 AM
The Philippine peso approaches a record low as rising oil prices, driven by Middle East tensions, renew pressure on the currency.
The Philippine peso approaches a record low as rising oil prices, driven by Middle East tensions, renew pressure on the currency.
Affected assets
bloomberg-markets
07/14, 08:11 AM
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