Japan imports 90% of its energy, the Strait of Hormuz is closed, the Fed won't cut, and Bank of America says effective intervention may not come until well above 160 | That's TradingNEWS

Oil at $119.50, UK gas prices doubled since the war began, and Mojtaba Khamenei's hardline appointment killed the ceasefire trade | That's TradingNEWS

TTF natural gas up 50%, Qatar LNG under force majeure, and the Strait of Hormuz effectively closed | That's TradingNEWS

With USD/JPY showing a 0.69 correlation to Brent crude, WTI up 36% since Iran strikes began, June Fed cut probability at 53%, and Ministry of Finance intervention signals flashing, the next 200 pips will be decided by Wednesday's CPI | That's TradingNEWS