IRGC reaffirms that no oil and gas will pass through the Strait of Hormuz so long as US attacks continue
And we are back to square one with the IRGC announcing no oil and gas will pass through the Strait of Hormuz. It has been the way since the beginning of the week and the announcement is just a confirmation of the hardball tactics Iran has been using to counter Trump's maximum pressure strategy.
AUD/USD is trading 0.24% lower at 0.6980.