US Sees Strait of Hormuz Situation as Static, Naval Blockade Sustainable
US assessments describe the Strait of Hormuz situation as static, with the ability to hold a naval blockade indefinitely, while markets also track China and Japan data.
The US currently views the situation around the Strait of Hormuz as static, according to a European mid-market update. The assessment adds that the US has the ability to hold a naval blockade indefinitely.
The update also highlights China and Japan data as part of the market focus, without providing specific figures.
Traders are monitoring the update for implications in the European session.
Source: FXStreet Forex News