Breaking: US President Trump says naval blockade will be lifted

Source Fxstreet

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."

Developing story, please refresh the page for updates.

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.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Bearish Flag Goes Up As Expert Analyst Predicts A Massive Crash To $44,000Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and
Author  NewsBTC
14 hours ago
Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and
placeholder
Shiba Inu Traders Withdraw 204 Billion SHIB Amid Sharp Drop In Futures ActivityTraders pulled over 204 billion SHIB tokens off exchanges in a single day, a 3.6% jump from the day before, even as demand for Shiba Inu futures contracts slid sharply. Related Reading: Bitcoin’s
Author  NewsBTC
14 hours ago
Traders pulled over 204 billion SHIB tokens off exchanges in a single day, a 3.6% jump from the day before, even as demand for Shiba Inu futures contracts slid sharply. Related Reading: Bitcoin’s
placeholder
ETH sinks below $2,000, faces period of repricingETH traded below $2,000 for the first time since Q1, while social media sentiment shows signs of capitulation and doubts about the future of Ethereum.
Author  Cryptopolitan
14 hours ago
ETH traded below $2,000 for the first time since Q1, while social media sentiment shows signs of capitulation and doubts about the future of Ethereum.
placeholder
Silver Price Slides to $73 as $71 Support Becomes Make-or-BreakSilver (XAG/USD) slipped 2.1% on Thursday to trade near $73, putting bears within striking distance of the $71 swing low. A break would expose the long-term 0.618 Fibonacci retracement at $69.Meanwhil
Author  Beincrypto
14 hours ago
Silver (XAG/USD) slipped 2.1% on Thursday to trade near $73, putting bears within striking distance of the $71 swing low. A break would expose the long-term 0.618 Fibonacci retracement at $69.Meanwhil
placeholder
Trump’s Iran Decision Sparks $350 Billion Stock Market Frenzy, But Bitcoin Extends LossesWall Street added roughly $350 billion in market value within 15 minutes after Axios reported that US and Iranian negotiators had reached a draft ceasefire deal. Bitcoin (BTC) moved the other way, sli
Author  Beincrypto
14 hours ago
Wall Street added roughly $350 billion in market value within 15 minutes after Axios reported that US and Iranian negotiators had reached a draft ceasefire deal. Bitcoin (BTC) moved the other way, sli
goTop
quote