Egypt’s pound has become the world’s best-performing currency after oil prices dropped sharply on a US-Iran agreement to reopen the Strait of Hormuz, a move expected to restore supply flows and ease inflation concerns.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-17/egypt-s-pound-becomes-world-s-top-currency-as-oil-shock-reverses)

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