Bessent: Iran Deal Demands Open Strait of Hormuz, No Tolls

US Treasury Secretary Bessent emphasized that any potential deal with Iran hinges on the complete openness of the Strait of Hormuz, dismissing any plans to impose tolls as unacceptable. This statement underscores the critical geopolitical channel's role in global oil supply, affecting risk appetite and capital flows in energy markets. The US dollar may experience fluctuations as traders assess the implications for Middle Eastern stability and oil prices, particularly given the strategic importance of the Strait. Market participants will closely watch for further developments in US-Iran relations and any announcements regarding military actions or sanctions that could impact regional security dynamics.

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

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