Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

[XAU/USD](https://www.fxstreet.com/rates-charts/xauusd) [EUR/USD](https://www.fxstreet.com/currencies/eurusd) [Trade War](https://www.fxstreet.com/macroeconomics/events/trade-war) [GBP/USD](https://www.fxstreet.com/currencies/gbpusd) [Silver](https://www.fxstreet.com/rates-charts/xagusd) [WhatsApp](https://whatsapp.com/channel/0029VaDGsU90lwgjJ5Sh8Y45)[Telegram](https://t.me/forexnews)[LinkedIn](https://www.linkedin.com/company/fxstreet)[X (Twitter)](https://x.com/FXStreetNews)[Facebook](http://www.facebook.com/FXstreet)[Instagram](https://www.instagram.com/fx_street)[YouTube](https://www.youtube.com/user/fxstreetcom/)[TikTok](https://www.tiktok.com/@fxstreet.com) [Newsletter](https://www.fxstreet.com/subscriptions) [FXStreet](https://www.fxstreet.com/ "FXStreet")[Visit Pepperstone - Sponsor (opens in new window)](http://pubads.g.doubleclick.net/gampad/clk?id=6731001804&iu=/7138/FXS30) [Upgrade](https://www.fxstreet.com/info/premium?utm_source=paywall&utm_medium=internal&utm_campaign=paywall-no-premium&utm_content=noAMP) [Login](https://www.fxstreet.com/account/login?uriToRedirect=https%3A%2F%2Fwww.fxstreet.com%2Fnews%2Fbreaking-iran-closes-the-strait-of-hormuz-amid-ceasefire-deal-violation-202606201419&step=login-options) Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: "Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized." _This is a developing story; more to come._ Author  [Valeria Bednarik](https://www.fxstreet.com/author/valeria-bednarik) FXStreet Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years. More fromValeria Bednarik Share: [RSS Feed](https://www.fxstreet.com/news/feed) ### Legal Text #### Editor's Picks #### [GBP/USD bounces off lows, back above 1.3200](https://www.fxstreet.com/currencies/gbpusd) After bottoming out near 1.3160, GBP/USD manages to regain a bit of shine and reclaim the 1.3200 mark and beyond at the end of the week. Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now. #### [EUR/USD looks consolidative around 1.1460](https://www.fxstreet.com/currencies/eurusd) EUR/USD stages a modest rebound after slipping to a three-month low below 1.1420 at the end of the week. That said, the pair now looks to consolidate humble gains just above 1.1460 despite growing uncertainty surrounding the next round of US-Iran negotiations, which keeps the US Dollar’s downside contained. #### [Gold slips back to six-day lows, targets $4,100](https://www.fxstreet.com/markets/commodities/metals/gold) Gold retreats for the third consecutive day on Friday, eroding gains seen in the first half of the week and approaching the key $4,100 mark per troy ounce. Indeed, the precious metal continues to face headwinds from the Fed's hawkish stance and renewed uncertainty surrounding the next round of US-Iran negotiations. #### [Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation](https://www.fxstreet.com/news/breaking-iran-closes-the-strait-of-hormuz-amid-ceasefire-deal-violation-202606201419) Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: "Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized." #### [The Iran war didn't break the US economy, but what happens next?](https://www.fxstreet.com/analysis/the-iran-war-didnt-break-the-us-economy-but-what-happens-next-202606191356) Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock. #### [Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose](https://www.fxstreet.com/analysis/regime-change-inside-kevin-warshs-first-move-to-make-the-fed-unreadable-on-purpose-202606180801) The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. 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