Peso Slides Past 18/USD as Iran Strait Tensions Spur Dollar Safe-Haven Demand

The Mexican peso weakened past 18 per dollar as escalating Iranian attacks in the Strait of Hormuz heightened fears of oil supply disruption, driving safe-haven demand for the dollar. The move reflects broad risk aversion in emerging-market currencies, with the peso particularly sensitive to oil price shocks. Uncertainty remains over the scale of further attacks and their impact on global energy flows.