Senior Iranian Official: Unclear whether there was damage to US ship – Reuters

Eren Sengezer FXStreet

A senior Iranian official told Reuters that Iran fired a warning shot against a US warship to prevent its entry into the Strait of Hormuz, adding that it was unclear whether there was any damage.

Meanwhile, citing an unnamed source, Iran's Tasnim News agency reported that Tehran is ready for any possible scenario and that they will not let the US to bully Iran. The outlet reiterated that Iran will not allow US forces to pass through the Strait of Hormuz.

Market reaction

The US Dollar (USD) stays resilient against its rivals in the second half of the day on Monday. At the time of press, the USD Index was up 0.2% on the day at 98.40.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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