Iran's foreign ministry spokesperson Esmail Baghaei clarified on Monday that Tehran is not engaged in any discussions with the United States regarding the reopening of the Strait of Hormuz, according to FX Street.
The Strait of Hormuz is a critical chokepoint, responsible for nearly 20% of the world’s energy supply, making its status a key factor in global energy markets and geopolitical stability.
For Japanese investors and traders, developments around the Strait can influence energy prices and risk sentiment, impacting FX and equities during the European trading session and beyond.