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Iran's IRGC: Will manage Strait of Hormuz proactively

Iran's Islamic Revolutionary Guard Corps (IRGC) stated on Wednesday that Iran will manage the Strait of Hormuz proactively and control it intelligently, while warning of a stronger response to any renewed attacks from the United States (US) or Israel, per Reuters.

Additionally, the IRGC noted that they will continue to support the resistance fronts in Lebanon, Palestine, Yemen and Iraq.

Market reaction

This headline doesn't seem to be having a noticeable impact on market sentiment. At the time of press, the US Dollar (USD) Index was down nearly 1% on the day at 98.55.

RBNZ: Hold at 2.25% with tightening bias – BNY

BNY's Head of Markets Macro Strategy Bob Savage at notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.25% as the Middle East conflict altered the outlook, lifting near‑term inflation risks while weighing on growth.
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Copper: From laggard to potential outperformer – Commerzbank

Commerzbank’s Thu Lan Nguyen notes Copper has turned into a top performer after being one of the weakest metals, pressured by rising LME stocks and mixed supply news.
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