India, Aug. 7 -- The safe-haven currency, the Swiss franc strengthened against other major currencies in the European session on Friday, as European stock markets traded lower with AI spending worries and Hormuz reopening uncertainty likely to weigh on markets.

After strikes on its southern Najran region, Saudi Arabia plans to continue military operations against Iran-aligned Houthis in support of the internationally recognized Yemeni government, according to The Guardian. Iran's parliament is currently reviewing a draft plan that would forbid US and Israeli ships, penalize hostile countries 20% on cargo, and restrict the corridor until the US boycott is lifted.

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