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http://www.TheForexNittyGritty.com - Forex Response to Persian Gulf Tension - There does not seem to have been a huge Forex response to Persian Gulf tension, yet.
The US and its Western allies have been ratcheting up pressure on Iran to submit its nuclear program to inspections.
In fact Iran is under pressure to dump its nuclear program as international agencies believe the purpose of Iran’s program is to develop nuclear weapons.
As Iran has become increasingly cut off it has responded with threats to close the Straits of Hormuz.