Trump cancels Iran strike and announces deal to reopen Hormuz

President Donald Trump announced cancellation of a planned US military strike on Iran and said the parties have agreed on the perimeters of a deal. He stated the agreement would include a total reopening of the Strait of Hormuz.

Key details

• US strike on Iran: cancelled.
• Deal status: perimeters agreed.
• Strait of Hormuz: to be fully reopened under the deal.

Implications for markets

• Energy supply routes: reopening the Strait of Hormuz would restore a critical global oil chokepoint that handles a significant share of seaborne crude and LNG, reducing near-term supply risk.
• Risk premium: de-escalation lowers geopolitical risk premiums across oil, shipping, and broader risk assets.
• Crypto: improved risk sentiment and lower macro stress can support digital asset prices, while reduced oil-price volatility may temper inflation concerns and rate expectations.