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Trump said he would continue to block the Strait of Hormuz, so Iran is very likely to take retaliatory measures, launching missiles and drones to attack U.S. ships, to ensure their oil can go out and make money to survive.
This will inevitably lead to sharp inflation, and countries will start selling U.S. Treasuries to stabilize their exchange rates. If Trump doesn't change his tone and the U.S. military continues like this, gold and Treasuries will also fall, and oil will continue to rise.
Of course, he himself is making a fortune, and American oil companies are also making a fortune. The cost is that the world will suffer, and such a leader will probably be cursed to death by his subordinates! At the same time, we should note that this guy might be preparing for future red lines!
Trump's logic is like this: tough stance, tough stance, tough stance, denial, denial, denial, winning big, winning big, winning big!