Pound Sterling remains under pressure as US-Israel conflict with Iran boosts safe-haven demand
The Pound Sterling (GBP) weakens against its major peers on Tuesday, falling roughly 0.3% to trade near 1.3360 against the US Dollar (USD) during the European session. The GBP/USD pair extends losses as risk sentiment deteriorates amid escalating tensions in the Middle East involving the United States, Israel, and Iran. The heightened geopolitical uncertainty has […]
WTI jumps toward $73 as Strait of Hormuz closure sparks supply concerns
West Texas Intermediate (WTI Jumps) crude futures on NYMEX climb about 2.3% to trade near $73.00 during Tuesday’s early European session. Oil prices rally after the closure of the Strait of Hormuz – a critical maritime corridor that carries roughly 20% of the world’s crude shipments – disrupted global supply flows and intensified fears of […]