US President Trump bars senior Iranian and Venezuelan officials/families from entering US

The US President Donald Trump recently barred senior members of Venezuelan and Iranian Government and their families from entering the US.

FX implications

Although no major immediate reaction could have been witnessed, this could lead to increased geopolitical tension between the US and major oil producers, which in turn becomes an oil-positive catalyst. The WTI gained a few pips by the press time to $56.88 after the news release.