Currency Market Update: May 26th 2026 - Strait of Hormuz Tensions Keep Markets on Edge

Currency Market UpdateMarkets head into the new week with geopolitics once again dominating sentiment, as negotiations between the US and Iran appear to be entering their most critical phase yet.

Over the weekend, President Trump claimed that a peace agreement had been “largely negotiated,” sparking cautious optimism across global markets and helping stabilise oil prices after weeks of volatility surrounding the Strait of Hormuz.

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