Breaking: US President Trump says naval blockade will be lifted

FXStreetMay 29, 2026 2:57 PM

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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.

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