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Apr 13, 2026

Middle East War updates: US-Iran peace talks fail, Trump threatens to blockade Strait of Hormuz

Here’s all you need to know about the developments in the Middle East war that took place over the weekend, which is expected to have a significant impact on the markets in the upcoming week.

Australian Dollar opens at a gap down as US, Iran fail to reach peace deal

AUD/USD recovers slightly after a gap-down open but remains in negative territory, trading around 0.7010 during the Asian hours on Monday.