ING: Reopening of the Strait of Hormuz is key to the dollar's decline

SmartContractAuditor · 2026-04-01T09:51:20+00:00

The report from ING Group states that re-opening the Strait of Hormuz could be key to driving a significant decline in the US dollar. Trump said that US military actions will end in the short term, while Iran expressed willingness to end the conflict, but it remains uncertain whether the strait will be reopened. Analysts believe that only after the re-opening timeline is clarified might the US dollar index fall back to 99.0.

SmartContractAuditor

2026-04-01 09:51:20

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Odaily Planet Daily reports that Francesco Pesole of ING (International Group) stated in a report that reopening the Strait of Hormuz may be a necessary condition to facilitate a larger decline in the US dollar. Trump said that US military actions in Iran could conclude within two to three weeks, while Iran’s president Pezeshkian stated that if certain conditions are met, Tehran has the “necessary willingness to end the war.” However, it remains unclear whether the Strait of Hormuz will be reopened. Pesole said: “We believe that only when the timeline and route for reopening the Strait are clearer, the US Dollar Index DXY could fall back to the low of 99.0 on March 23.”

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