Dollar Rises on Hormuz Tensions

The US dollar rose for a second consecutive day as tensions escalated between the US and Iran over the Strait of Hormuz, with oil prices surging and reports suggesting the ceasefire may last only 3-5 days.

US Transfers Korea Command to Seoul

South Korea and the US plan to complete the transfer of wartime operational control of US forces in Korea to Seoul by Q1 2029, as announced by General Xavier Brunson.

WTI Surges 7% on Hormuz Closure

WTI crude oil prices surged 6.87% to $89.61 per barrel as Iran re-closed the Strait of Hormuz in response to US naval blockade, raising supply disruption concerns despite ongoing negotiation hopes.