|

US President Trump: US has total control over the Strait of Hormuz

United States (US) President Donald Trump just announced through Truth Social that he has ordered to "shoot and kill" any boat that is putting mines in the waters of the Strait of Hormuz.

I have ordered the United States Navy to shoot and kill any boat, small boats though they may be (Their naval ships are ALL, 159 of them, at the bottom of the sea!), that is putting mines in the waters of the Strait of Hormuz. There is to be no hesitation. Additionally, our mine “sweepers” are clearing the Strait right now. I am hereby ordering that activity to continue, but at a tripled up level! Thank you for your attention to this matter. President DONALD J. TRUMP"

On a second post, he added that Iran is having a very hard time figuring out who their leader is, while adding that the US has total control over the Strait of Hormuz:

Iran is having a very hard time figuring out who their leader is! They just don’t know! The infighting is between the “Hardliners,” who have been losing BADLY on the battlefield, and the “Moderates,” who are not very moderate at all (but gaining respect!), is CRAZY! We have total control over the Strait of Hormuz. No ship can enter or leave without the approval of the United States Navy. It is “Sealed up Tight,” until such time as Iran is able to make a DEAL!!! Thank you for your attention to this matter. President DONALD J. TRUMP"

Tensions between the US and Iran continue to escalate, maintaining financial markets in risk-off mode.

Market reaction

Trump's words had no immediate impact on financial markets, but the US Dollar (USD) holds on to intraday gains against all major rivals.

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.

USDEURGBPJPYCADAUDNZDCHF
USD0.12%0.10%0.02%0.06%0.21%0.47%0.11%
EUR-0.12%-0.00%-0.11%-0.06%0.07%0.38%-0.03%
GBP-0.10%0.00%-0.09%-0.05%0.11%0.39%-0.02%
JPY-0.02%0.11%0.09%0.03%0.19%0.43%0.07%
CAD-0.06%0.06%0.05%-0.03%0.16%0.41%0.03%
AUD-0.21%-0.07%-0.11%-0.19%-0.16%0.28%-0.14%
NZD-0.47%-0.38%-0.39%-0.43%-0.41%-0.28%-0.40%
CHF-0.11%0.03%0.02%-0.07%-0.03%0.14%0.40%

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

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

EUR/USD stays bid near 1.1560, focus shifts to the ECB

EUR/USD extends its weekly recovery for the third day in a row on Wednesday, navigating in a sidelined fashion around 1.1560 on the back of decent losses in the US Dollar. In the meantime, market participants continue to assess the latest US inflation data while hifting its attention to the ECB event on Thursday.

GBP/USD recedes from tops, hovers around 1.3400

GBP/USD could not sustain the initial bull run and is now slipping back toward the 1.3400 neighbourhood on Wednesday. Cable’s continuation of the ongoing leg higher follows mild selling pressure on the Greenback, despite steady uncertainty on the geopolitical front and elevated US inflation.

Gold threatens a test of YTD lows near $4,100

Gold is accelerating its downward trends and approaches the area of $4,100 per troy ounce on Wednesday, where the 2026 bottom sits so far. The persistent decline in the precious metal almost exclusively follows the swelling opinion that the Fed will keep a cautious stance in H2, a view that was reinforced following earlier US CPI data.

Crypto Today: Bitcoin, Ethereum, XRP face downside pressure amid investor de-risking

Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments.

Brutal sell-off: Silver deepens months-long slide, refocusing on $60

Silver has never been known for its calm temperament. The precious metal can spend weeks grinding higher before suddenly giving back months of gains in a matter of days. That volatile reputation has been on full display in recent weeks.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.