Trump's Reversal Raises Hope of Hormuz Reopening -- WSJ

Dow Jones03-23

By Ed Ballard

President Trump's postponement of U.S. attacks on Iranian energy infrastructure raise hopes that energy flows through the Strait of Hormuz could recover soon, but traders will be wary of taking his comments at face value, said Hamad Hussain, economist at Capital Economics.

"If talks have been so positive then you would hope that a path to a opening of the Strait has become clearer," Hussain said.

Trump's rapidly shifting stance makes it hard to predict how the next phase of the conflict will unfold, he added.

Hussain noted that Trump's reversal came after a rapid rise in Treasury yields, with investors putting the likelihood of at least one interest-rate hike by the Federal Reserve this year at 57%.

"Perhaps that's where Trump's pain point is," Hussain said.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 23, 2026 08:20 ET (12:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment