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IRGC warns retaliation against US blockade

The Islamic Revolutionary Guard Corps (IRGC) said during European trading hours on Wednesday that it will not allow imports and exports in the Gulf, and the Sea of Oman if the US blockade in the Strait of Hormuz against Iran's vessels continues.

The warning from the IRGC came after a report from The Washington Post, which showed that the US administration is planning to deploy thousands of additional troops to the Middle East in the coming days, as part of a broader effort to intensify pressure on Iran and push Tehran toward reaching an agreement with Washington.

NZD/USD holds near one-month high as soft US inflation, Iran diplomacy weigh on Dollar

NZD/USD trades around 0.5900 on Wednesday at the time of writing, virtually unchanged on the day but still close to a one-month high reached on Tuesday at 0.5921.
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United States MBA Mortgage Applications rose from previous -0.8% to 1.8% in April 10

United States MBA Mortgage Applications rose from previous -0.8% to 1.8% in April 10
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