Dollar Wipes Out Iran War Gain as Tehran Says Hormuz Is Open

The dollar erased all of its gains since the US-Iran war began after Tehran said the Strait of Hormuz is now "completely open" for commercial traffic. The easing of a key geopolitical supply-route risk reduced demand for haven assets, pressuring the dollar and improving broader risk sentiment. The move is notable for FX and safe-haven flows, though the article does not indicate a broader macro policy shift.

Analysis

The dollar erased all of its gains since the US-Iran war began after Tehran said the Strait of Hormuz is now "completely open" for commercial traffic. The easing of a key geopolitical supply-route risk reduced demand for haven assets, pressuring the dollar and improving broader risk sentiment. The move is notable for FX and safe-haven flows, though the article does not indicate a broader macro policy shift.