Canadian Highlights Iran announced that the Strait of Hormuz will be open to commercial traffic during the Israel-Lebanon ceasefire. Details are still unfolding, but oil prices have plunged on the news. Ottawa moved earlier this week to blunt fuel‑price pressures by suspending the federal excise tax on gasoline, diesel, and aviation fuels through Labour Day. […]The post The Weekly Bottom Line: Temporary Reopening of Strait of Hormuz Boosts Financial Markets appeared first on ActionForex.