Finance & Banking — Strait of Hormuz Closure Continues Amid Geopolitical Tensions

Finance & Banking · 2026-05-11

The dominant signal for finance and banking professionals today is the prolonged closure of the Strait of Hormuz after Trump rejected Iran's peace counteroffer, sending oil higher and forcing second-order repricing across energy-importing economies. India's Modi took the extraordinary step of asking citizens to stop buying gold and cut fuel use — a de facto capital-controls signal for the world's…