Aussie Dollar Slides on Blockade

Investors are reacting to the increased risk of a prolonged energy shock and higher inflation as the U.S.-Iran conflict escalates.

The currency slide reflects a broader shift toward safe-haven assets like the U.S. dollar and gold.

Analysts warn that the blockade could lead to a 'full-blown energy crisis' if oil supplies through the critical waterway are halted.

Global markets are on high alert for further volatility as the geopolitical situation remains unpredictable.