Donald Trump Claims Strait of Hormuz Remains Open

President Donald Trump declared on Tuesday that the Strait of Hormuz is open and operating, despite a sharp decline in shipping traffic and ongoing attacks on vessels. The announcement follows the expiration of a temporary ceasefire and a confirmation from Trump via Truth Social that no negotiations are currently scheduled with the Islamic Republic of Iran.

Shipping data from Kpler contradicts the administration's assessment, showing that crossings have hit a three-month low, averaging only 10 vessels over a five-day period. Tensions have escalated following a recent attack on a cargo ship in Omani territorial waters that resulted in the death of one crew member.

These geopolitical instabilities, alongside a rising U.S. fiscal deficit, have driven up U.S. Treasury yields and oil prices, with Brent crude remaining above $91 a barrel. The United States Armed Forces continue to assist vessels utilizing the southern route through Omani waters to avoid the primary waterway.