Trump: Strait of Hormuz Naval Blockade Is Lifted!

President Donald Trump announced that the naval blockade in the Strait of Hormuz has been lifted, a development with immediate implications for global oil markets and broader risk sentiment. The Strait of Hormuz is the world's most critical oil chokepoint, with roughly 20% of global petroleum supply transiting the waterway daily.

A blockade in the Strait had raised fears of supply disruption, energy price spikes, and broader geopolitical escalation between the United States and Iran. Its removal signals a de-escalation in US-Iran tensions and is expected to ease pressure on crude prices and shipping insurance premiums.

For crypto and risk assets, the shift matters: elevated geopolitical risk had been feeding safe-haven flows and suppressing appetite for volatile assets.