Hormuz Route Stays Open Despite Iran's Closure Claim; Dollar Climbs, Yields Rise
- The Joint Maritime Information Center and U.S. military maintain the Strait of Hormuz's southern route remains open even as Iran's IRGC attacked a Cyprus-flagged container ship and declared the strait closed; visible traffic has collapsed to near-record lows with many vessels switching off AIS tracking.
- The dollar jumped against major peers on the renewed Middle East attacks and the Hormuz declaration, while gold dropped as rate-hike bets revived (Reuters).
- U.S. two-year yields spiked to their highest since February 2025 as oil's surge repriced inflation risk — see companion 'Markets Wrap' and 'Treasury yields' stories for full market context.