Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon.The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: “Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized.”This is a developing story; more to come.
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With last week’s extended decline, immediate focus in GBP/USD is now on 1.3158 support. Decisive break there will resume whole fall from 1.3867 to 100%...
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