President Trump says US has "total control" of Hormuz

Source Fxstreet

United States (US) President Donald Trump used a post on Truth Social to declare that the US has "total control" over the Strait of Hormuz on Wednesday., Trump boasted about the American naval presence near the Persian Gulf, which he described as "a wall of steel". The President said the strategy leaves Iran with no way to contest it. "I think we will keep it," he wrote.

In the same post, Trump characterized Iran's military as hollowed out, saying the country "has no Navy" and "no Air Force," that its remaining soldiers are unpaid, and that the Islamic Revolutionary Guard Corps (IRGC) is "decimated and fleeing." He also questioned the standing of Iran's leadership, calling it "uncertain, at best."

On the economy, Trump said Iran "has no money," that the country is "shot," and pointed to inflation at "300%" and rising. He dismissed Iranian statements on the standoff as "fake news," saying Iran is "all talk and no action" and is "the Bully of the Middle East No Longer."

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.03% -0.05% -0.06% -0.03% -0.20% 0.17% 0.06%
EUR 0.03% -0.02% -0.04% -0.00% -0.21% 0.22% 0.10%
GBP 0.05% 0.02% -0.04% 0.00% -0.19% 0.23% 0.12%
JPY 0.06% 0.04% 0.04% 0.04% -0.13% 0.25% 0.15%
CAD 0.03% 0.00% -0.01% -0.04% -0.18% 0.23% 0.07%
AUD 0.20% 0.21% 0.19% 0.13% 0.18% 0.41% 0.31%
NZD -0.17% -0.22% -0.23% -0.25% -0.23% -0.41% -0.10%
CHF -0.06% -0.10% -0.12% -0.15% -0.07% -0.31% 0.10%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Peter Schiff Says Sell Bitcoin and Strategy Stock as Gold Tops $4,400Peter Schiff wants investors out of Bitcoin (BTC) and Strategy (formerly MicroStrategy, MSTR) stock as gold pushes past $4,400 an ounce. The longtime gold bull says money is rotating back toward hard
Author  Beincrypto
14 hours ago
Peter Schiff wants investors out of Bitcoin (BTC) and Strategy (formerly MicroStrategy, MSTR) stock as gold pushes past $4,400 an ounce. The longtime gold bull says money is rotating back toward hard
placeholder
Will July CPI Reset the Fed, Bitcoin, and Every Major Market?One number lands Wednesday morning, and Wall Street cannot agree on what comes next. The July CPI (consumer price index) will hit markets with September Federal Reserve (Fed) rate odds split down the
Author  Beincrypto
14 hours ago
One number lands Wednesday morning, and Wall Street cannot agree on what comes next. The July CPI (consumer price index) will hit markets with September Federal Reserve (Fed) rate odds split down the
placeholder
XRP Price Drops Below $1 After Coreum Bridge Hack. First-Time Since 2024An attacker drained nearly 200,000 XRP tokens from the Coreum bridge in 97 minutes on August 9, exploiting a validation gap in the relayer software rather than any weakness in the XRP Ledger.The bridg
Author  Beincrypto
14 hours ago
An attacker drained nearly 200,000 XRP tokens from the Coreum bridge in 97 minutes on August 9, exploiting a validation gap in the relayer software rather than any weakness in the XRP Ledger.The bridg
placeholder
Bitcoin Carry Trade Tops Treasury Yields at 7.89%: Will Wall Street Rotate?The Bitcoin carry trade now pays more than US government debt. On August 7, annualized Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures carry reached 5.69% to 7.89%, well above the 4.19% two-ye
Author  Beincrypto
14 hours ago
The Bitcoin carry trade now pays more than US government debt. On August 7, annualized Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures carry reached 5.69% to 7.89%, well above the 4.19% two-ye
placeholder
‘Dollar Smile’ Creator Says Yen Intervention Marks the Peak: Is 125 Next?Eurizon SLJ Capital says the dollar has peaked against the yen after the joint US-Japan yen intervention. The firm sees the yen reaching 125 per dollar, a gain of more than 20% from today.The market i
Author  Beincrypto
14 hours ago
Eurizon SLJ Capital says the dollar has peaked against the yen after the joint US-Japan yen intervention. The firm sees the yen reaching 125 per dollar, a gain of more than 20% from today.The market i
Related Instrument
goTop
quote