U.S. forces hit dozens of Iranian military sites near Strait of Hormuz
It is reported that U.S. forces hit dozens of Iranian military sites near Strait of Hormuz. As per previous commentary, it looks like a full scale escalation (excluding energy infrastructure) rather than tit-for-tat strikes. Such will see near term risk of Strait traffic increasing significantly.
AUD/USD is trading 0.15% higher as USD remain soft after CPI.