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Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea. 13 April 2026

Video. Oil tops $100 as Iran blockade looms, forint surges on Hungary results

Updated:

Oil prices surged and stock markets dipped after reports that the US may move to block the Strait of Hormuz. Meanwhile in Europe, the Hungarian forint rose following the election results.

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