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LOW IMPACT ForexLive · May 5, 06:17 AM

Iran parliament speaker says US has jeopardised shipping security through Strait of Hormuz

The translated message: "The new equation of the Strait of Hormuz is in the process of being solidified. The security of shipping and energy transit has been jeopardized by the United States and its allies through the violation of the ceasefire and the imposition of a blockade; of course, their evil will diminish. We know full well that the continuation of the status quo is intolerable for America; while we have not even begun yet." It doesn't sound like they are ready to cede any ground just ye

SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BULLISH 75% confidence

Increased tensions in the Strait of Hormuz may lead to higher oil prices as fears of shipping disruptions rise. Forex markets could also react negatively to heightened geopolitical risks, especially for currencies tied to oil exports.

AI-generated analysis. For educational purposes only — not financial advice.

The translated message: "The new equation of the Strait of Hormuz is in the process of being solidified. The security of shipping and energy transit has been jeopardized by the United States and its allies through the violation of the ceasefire and the imposition of a blockade; of course, their evil will diminish. We know full well that the continuation of the status quo is intolerable for America; while we have not even begun yet." It doesn't sound like they are ready to cede any ground just yet. That especially on that final line in saying that the prevailing status quo is unsustainable to the US. Meanwhile, the US is saying the opposite in that it is Iran who will have to give up ground first if things continue down this path. Meanwhile, there's also a report saying that South Korea is considering Trump's 'Project Freedom' proposal. The news say that lawmakers are reviewing domestic rulings to see if they can participate in the project. That's a sort of polite response of a slow rejection I would say. At this stage, it's tough to imagine any countries wanting to get too involved in the whole situation. South Korea is a close US ally, so they won't want to draw the ire of Trump in outright rejecting his call. This article was written by Justin Low at investinglive.com.

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