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Energy support and Norges Bank hawkish shift – MUFG

MUFG analysts note that NOK has outperformed most European peers during the Middle East conflict, supported by Norway’s energy exporter status and a hawkish repricing of Norges Bank policy. They expect rising energy prices and higher yields to underpin NOK near term, while warning that a much larger Oil spike and global slowdown risk could eventually erode this support.Oil-linked strength and rate hike prospects”Rising energy prices are likely to continue supporting NOK in the near…

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Chinese-linked ships turned back at Strait of Hormuz after IRGC Navy warning

At least three Chinese-linked vessels reportedly turned back abruptly after attempting to cross the Strait of Hormuz last Friday, signaling an unusual move in typically friendly Tehran‑Beijing relations amid the ongoing regional crisis. Two ships owned by China’s state‑run Cosco Shipping, the CSCL Indian Ocean and CSCL Arctic Ocean, as…

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