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France’s Macron: Freedom of navigation through the Strait of Hormuz must be restored

France’s President Emmanuel Macron said on Sunday that freedom of navigation through the Strait of Hormuz must be restored as soon as possible. Macron called on Iran president to put an immediate end to unacceptable attacks against countries in the region including Lebanon and Iraq. 

Key quotes

Framework must also address threats posed by Iran's ballistic missile program and its destabilizing activities regionally and internationally.

Framework must guarantee that Iran never acquires nuclear weapons.

Only a new political and security framework can ensure peace and security for all. 

Reminded Iranian president that France is acting within a strictly defensive framework aimed at protecting its interests. 

Urged Iranian President to allow Cecile Kohler and Jacques Paris to return safely to France as soon as possible. 

Freedom of navigation through the Strait of Hormuz must be restored as soon as possible. 

Called on Iran president to put an immediate end to unacceptable attacks against countries in the region including Lebanon, Iraq. 

I have just spoken with Iranian President Massoud Pezeshkian. 

Australian Dollar holds ground near 0.7000 as Middle East tensions escalate

The AUD/USD pair holds positive ground near 0.6990 during the early Asian session on Monday. Traders will closely monitor the developments surrounding the United States (US)-Israel war with Iran. 
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WTI Crude Oil jumps towards $100 amid fresh supply concerns

Crude Oil Prices are roughly 3% up at the weekly opening, with the barrel of West Texas Intermediate (WTI) crude hovering around $99.
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