Breaking: US President Trump says naval blockade will be lifted

In a post published on Truth Social on Friday, United States (US) President Donald Trump said that the naval blockade will be lifted and ships caught in the Strait of Hormuz may start the process of "heading home."

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Market reaction

With the immediate reaction, the US Dollar (USD) came under renewed selling pressure. At the time of press the USD Index was down 0.15% on the day at 98.83.