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The U.S.-Iran war is coming for your credit score and mortgage application

CNBC·Kevin Williams·about 1 month ago
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Pedestrians walk along Wall Street outside of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Michael Nagle | Bloomberg | Getty Images The closure of the Strait of Hormuz has caused a worldwide economic ripple effect, hiking prices of everything from gas to pharmaceuticals and causing shortages of everything from jet fuel to helium. That is impacting big companies in the market in a variety of ways, from the oil majors to the airlines . But the closure may also be impacting something else: your credit score.  The stalemate between the U.S. and Iran over the heavily mined strait, which some CEOs say may not be fully open for another year , isn't causing your credit score to drop, but it is causing banks and other lending institutions to monitor consumer credit more closely and tighten their approval processes.  "Nobody's credit score dropped because of Iran.…

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