Swiss Franc Rises Amid Hornaz Reopening Uncertainty

The Swiss franc has strengthened against major currencies in the European session on Friday as investors weighed the uncertainty surrounding the reopening of the Strait of Hormuz.

Saudi Arabia has announced plans to continue military operations in support of the internationally recognized Yemeni government, following strikes on its southern Najran region.

This move comes amid tensions between Saudi Arabia and Iran, with Iran's parliament reviewing a draft plan that would penalize hostile countries 20% on cargo and restrict access to the corridor until the US boycott is lifted.