President Trump Sets Deadline for Iran to Open Persian Gulf Amid Rising Tensions
The U.S. dollar remains strong as traders anticipate a deadline set by President Trump for Iran to open the Persian Gulf to shipping. The deadline, set for 8 p.m. Eastern Time, comes amid heightened tensions in the Middle East, with the Strait of Hormuz closed due to conflict. President Trump has threatened military action against Iran's infrastructure if the deadline is not met. The closure of the Gulf's chokepoint has led to soaring energy prices and increased demand for the dollar as a safe haven, particularly in Asia. The South Korean won and Indonesian rupiah have reached record lows, reflecting the economic impact of the ongoing conflict. Meanwhile, Israel has claimed responsibility for recent attacks on Iranian targets, further escalating the situation. 
