Markets News

As tensions in the Middle East escalate, crude oil prices have surged!

As tensions in the Middle East escalate, crude oil prices have surged!

· Iranian media reports that traffic in the Strait of Hormuz has dropped to zero. This news is bullish for crude oil. · The Eurozone's current account surplus widened in May, as growth in primary income offset a narrowing trade surplus. This news is positive for the euro. · South Korea's Ministry of Finance announced that it will allow foreign investors to trade more bonds denominated in Korean won and to borrow won from domestic and foreign exchange banks. This news is positive for the Korean won.

TOPONE Markets Analyst
2026-07-20 08:30:51
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