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Dollar Turns Higher as Ships Attacked in Strait of Hormuz - WSJ

ABRIL 22, 2026

The dollar turns higher after Iran attacked three ships in the Strait of Hormuz. The news comes after President Trump said the U.S. would extend its cease-fire with Iran but maintain a U.S. blockade on Iranian ports. Senior Iranian adviser Mahdi Mohammadi said on X that Trump’s cease-fire extension “means nothing.” The dollar could see further volatility, Monex Europe analysts say in a note. Any sustained easing in tensions would encourage renewed selling of the dollar whereas any resumption of hostilities would likely trigger another round of safe haven demand,

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