President Donald Trump stated that the United States is achieving a “major victory,” but the war will continue for as long as necessary. He added that no timeline has yet been set for the resumption of peace negotiations.
Meanwhile, Iran and Oman are discussing ways to reopen the Strait of Hormuz through a temporary shipping corridor and mine-clearing operations. However, Tehran insists that the U.S. naval blockade and the war must end before the shipping route can be reopened.
📊 Impact on Gold
A prolonged war means geopolitical risks remain elevated, supporting gold’s appeal as a safe-haven asset. However, progress toward reopening the Strait of Hormuz could put downward pressure on gold prices if tensions begin to ease.
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