US President Trump says the Strait is opening; view war as very close to over
President Trump's assertion that the Strait is reopening and that war is nearly over may signal an easing of geopolitical tensions, which could affect market sentiment positively.
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Reports of continuation of Iran's shipping activity in the south despite the threat of US blockade, Tasnim reports citing sources, says Iran's "sea transportation process continues normally and without interruption"
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This could lead to a sell-off in safe-haven assets like gold and a rally in equities and riskier currencies such as the EUR and JPY. Ultimately, the market will be watching for tangible developments that support these claims before making significant shifts.
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