U.S. President Donald Trump announced a landmark peace deal with Iran, leading to the reopening of the Strait of Hormuz and the end of the U.S. naval blockade. Following the announcement, crude oil prices plunged between 4% and 5%, while risk assets rallied as the U.S. dollar declined. Markets are now anticipating the formal signing of the deal this Friday, amid a week of key central bank meetings that are expected to further influence currency volatility.
