Published: 2026-05-26T04:44:11.000Z
AUD/USD flows: Dropping bombs
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Rubio says Hormuz will open one way or another
U.S. forces sank two IRGC vessels laying mines in the Strait of Hormuz and struck a surface-to-air missile site at Bandar Abbas
Iran launched anti-ship cruise missiles at US Navy assets in response
Explosions were heard in Iran earlier and was reported that U.S. forces sank two IRGC vessels and Iran launched anti-ship cruise missiles in response. The U.S. framed such action as defensive and suggest the ceasefire continues as both sides are heading towards the finish line of a deal.
U.S. major equity indexes have erased most Monday gains on the renewed bombing. AUD/USD is trading 0.17% lower at 0.7163.