US President Trump posts "Iran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World! President DONALD J. TRUMP"
Context
President Trump's statement regarding Iran's commitment to keep the Strait of Hormuz open could ease concerns about potential disruptions in global oil supply, which would be favorable for energy markets and risk sentiment. This development may alleviate some geopolitical risk premium in oil prices and strengthen the USD against commodity currencies, while also impacting broader equity markets positively if stability is perceived.
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