LIVE: Markets react after Trump says the Strait of Hormuz blockade will be lifted

May 29, 2026 3:45 PM

The U.S. naval blockade of the Strait of Hormuz is finally being lifted, but the cost of peace is a total Iranian surrender to Trump’s demands. Despite Iranian state media denying a final deal, the administration is already declaring victory, forcing Iran to permanently abandon all nuclear ambitions and remove every naval mine just to reopen global shipping. Is this a masterclass in "maximum pressure" diplomacy, or is the White House declaring victory far too early? What’s your take?
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