IRGC: Safe transit through Strait of Hormuz possible only via routes designated by Iran

The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Thursday that “safe transit through the Strait of Hormuz is possible only via routes designated by Iran.”
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Canadian Dollar strengthens as US Dollar decline despite hawkish Fed outlook

USD/CAD halts its winning streak that began on June 10, trading around 1.4230 during the Asian hours on Thursday. The currency pair depreciate as the US Dollar (USD) declines despite rising market expectations of Federal Reserve (Fed) interest rate hikes later this year.
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