President Trump says US has "total control" of Hormuz

Agustin Wazne 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).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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