{"id":53380,"date":"2026-07-13T07:21:59","date_gmt":"2026-07-13T07:21:59","guid":{"rendered":"https:\/\/www.icm.com\/hormuz-oil-shock-dollar-yields-global-markets\/"},"modified":"2026-09-07T12:50:50","modified_gmt":"2026-09-07T12:50:50","slug":"hormuz-oil-shock-dollar-yields-global-markets","status":"publish","type":"post","link":"https:\/\/43.204.68.210\/icmcapitalmy\/en\/hormuz-oil-shock-dollar-yields-global-markets\/","title":{"rendered":"Hormuz Shock Sends Oil Higher as Dollar and Yields Test Global Markets"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53380\" class=\"elementor elementor-53380\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-582250b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"582250b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5aaf123\" data-id=\"5aaf123\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38af190 elementor-widget elementor-widget-text-editor\" data-id=\"38af190\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Oil markets moved sharply higher as renewed Gulf tensions brought the Strait of Hormuz back into focus, reviving concerns over energy supply, inflation and broader risk sentiment. The move did not stay confined to crude oil. Global equities came under pressure, the U.S. dollar strengthened and Treasury yields moved higher as investors reassessed how a fresh energy shock could affect central-bank expectations and market pricing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be81e96 elementor-widget elementor-widget-text-editor\" data-id=\"be81e96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>For traders and market observers, the key issue is how a geopolitical shock in a major energy corridor can spread across asset classes.<\/strong> Oil prices influence inflation expectations, bond yields can respond to those expectations, and currency markets may react as investors shift toward liquidity and perceived safety.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67f7a0e elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"67f7a0e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">Oil prices rise as supply-risk premium returns<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82f8865 elementor-widget elementor-widget-text-editor\" data-id=\"82f8865\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Brent and U.S. crude advanced after the latest escalation around the Gulf raised fears of disruption to one of the world\u2019s most important energy routes. Reuters reported that Brent crude rose more than 4% and U.S. crude also gained more than 4% as markets priced a renewed geopolitical risk premium into energy contracts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4608406 elementor-widget elementor-widget-text-editor\" data-id=\"4608406\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A risk premium usually appears when traders believe that future supply could become harder to secure, even before a full physical shortage is confirmed. In oil markets, this can happen quickly because shipping routes, insurance costs, inventory levels and refinery planning are closely connected.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-499a1bd elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"499a1bd\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">Why the Strait of Hormuz matters<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-058b728 elementor-widget elementor-widget-text-editor\" data-id=\"058b728\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Strait of Hormuz is a narrow maritime passage linking the Persian Gulf with the Gulf of Oman and global shipping routes. It is closely watched because a large volume of crude oil, refined products and liquefied natural gas normally moves through or near the area.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05020eb elementor-widget elementor-widget-text-editor\" data-id=\"05020eb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When tensions rise around Hormuz, energy markets often focus on three questions: whether vessels can move safely, whether export flows may be delayed, and whether buyers need to pay higher prices to secure supply. Even uncertainty around those questions can move prices because crude oil is a global benchmark for transport, production costs and inflation expectations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-604f7a9 elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"604f7a9\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">Dollar and yields react to the inflation channel<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-236a694 elementor-widget elementor-widget-text-editor\" data-id=\"236a694\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The dollar strengthened as oil\u2019s jump renewed concerns that inflation may stay firmer for longer. Higher energy prices can feed into transport, industrial input costs and consumer expectations, which may complicate the path for central banks if inflation data remains sticky.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a69958 elementor-widget elementor-widget-text-editor\" data-id=\"2a69958\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Treasury yields also moved higher as markets considered the possibility that central banks may need to stay restrictive for longer if energy prices keep pressure on inflation. This is why an oil move can quickly become a bond-market and FX-market story.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9d79bb elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"b9d79bb\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">Global equities face the cost-pressure question<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f29280 elementor-widget elementor-widget-text-editor\" data-id=\"2f29280\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Equity markets weakened as investors weighed the effect of higher energy costs on companies, consumers and global growth. Higher oil prices can support parts of the energy sector, but they can also pressure airlines, transport firms, manufacturers and consumer-facing businesses where fuel costs matter.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87c6ed3 elementor-widget elementor-widget-text-editor\" data-id=\"87c6ed3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For broad indices, the market reaction often depends on whether investors view the oil move as temporary geopolitical noise or as a longer inflation and growth shock. That distinction is important because it affects earnings expectations, sector rotation and investor appetite for risk assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc4c16f elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"dc4c16f\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">Educational explanation: how oil shocks spread across markets<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e49aa9 elementor-widget elementor-widget-text-editor\" data-id=\"0e49aa9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Oil is not only a commodity. It is also an input cost, an inflation signal and a geopolitical-risk barometer. When oil rises because of supply concerns, markets may reprice several links at once: inflation expectations, bond yields, currency strength, equity-sector performance and safe-haven demand.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ceea644 elementor-widget elementor-widget-text-editor\" data-id=\"ceea644\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The impact is not always linear. A short-lived rise in crude may fade if shipping flows remain stable. A sustained disruption, however, can create a broader market adjustment as companies and policymakers respond to higher energy costs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb51d35 elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"cb51d35\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">What traders are watching<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d74dfdf elementor-widget elementor-widget-text-editor\" data-id=\"d74dfdf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Updates on shipping flows and security conditions around the Strait of Hormuz.<\/li><li>Brent and WTI price action, especially whether the risk premium continues or fades<\/li><li>U.S. Treasury yields and inflation expectations after the oil move.<\/li><li>The U.S. dollar\u2019s reaction against major currencies and commodity-linked currencies.<\/li><li>Global index performance, with attention to energy-sensitive sectors such as airlines, transport and manufacturing.<\/li><li>Upcoming U.S. inflation data and central-bank commentary for signs of policy sensitivity to energy prices.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2ca0df elementor-invisible elementor-widget elementor-widget-neuros_heading\" data-id=\"a2ca0df\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;neuros_heading_animation&quot;,&quot;_animation_delay&quot;:300}\" data-widget_type=\"neuros_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"neuros-heading-widget\"><h2 class=\"neuros-heading\"><span class=\"neuros-heading-content\">Frequently Asked Questions<\/span><\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4480e6 elementor-widget elementor-widget-accordion\" data-id=\"e4480e6\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2391\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2391\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fontello icon-accordion-arrow-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fontello icon-accordion-arrow-right-alt\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Why does the Strait of Hormuz affect oil prices? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2391\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2391\"><p>The Strait is a key route for energy shipments from the Gulf. If markets see a risk to shipping flows, crude prices may rise as traders price in possible supply disruption and higher transport or insurance costs.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2392\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2392\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fontello icon-accordion-arrow-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fontello icon-accordion-arrow-right-alt\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Why can oil prices affect the U.S. dollar? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2392\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2392\"><p>Higher oil prices can lift inflation expectations and influence central-bank pricing. In periods of uncertainty, the dollar can also benefit from demand for liquidity and perceived safety.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2393\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2393\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fontello icon-accordion-arrow-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fontello icon-accordion-arrow-right-alt\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How do higher oil prices affect bond yields? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2393\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2393\"><p>If investors believe energy prices may keep inflation elevated, they may expect central banks to stay restrictive for longer. That can push yields higher, especially at the front and middle of the curve.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2394\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2394\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fontello icon-accordion-arrow-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fontello icon-accordion-arrow-right-alt\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Do oil shocks always hurt stock markets? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2394\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2394\"><p>Not always. Energy companies may benefit from higher prices, while energy-sensitive sectors can face cost pressure. Broad index performance depends on whether investors see the shock as temporary or as a wider growth and inflation risk.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why does the Strait of Hormuz affect oil prices?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>The Strait is a key route for energy shipments from the Gulf. If markets see a risk to shipping flows, crude prices may rise as traders price in possible supply disruption and higher transport or insurance costs.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Why can oil prices affect the U.S. dollar?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Higher oil prices can lift inflation expectations and influence central-bank pricing. 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Broad index performance depends on whether investors see the shock as temporary or as a wider growth and inflation risk.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Oil markets moved sharply higher as renewed Gulf tensions brought the Strait of Hormuz back into focus, reviving concerns over energy supply, inflation and broader risk sentiment. The move did not stay confined to crude oil. Global equities came under pressure,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":53382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[230],"tags":[],"class_list":["post-53380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Hormuz Oil Shock Sends Dollar and Yields Higher<\/title>\r\n<meta name=\"description\" content=\"Oil prices rose as renewed Gulf tensions around the Strait of Hormuz lifted inflation concerns, strengthened the dollar and pressured global markets.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" 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