Iran War Shakes Forex: Central Banks' Countermoves

Oil Swings and Safe-Haven Scrambles

Picture this: oil prices yo-yo like a kid on a sugar rush. One day they're spiking on Iran war fears, the next they're dipping as supply worries ease. That's the forex trader's reality right now. Since the war in Iran kicked off, crude has retreated from recent highs, propping up stocks from Wall Street to the ASX. But don't get comfy—Sydney Morning Herald notes these rallies reverse fast when headlines turn grim.

The Strait of Hormuz, that choke point...