{"id":130202,"date":"2026-05-05T13:46:36","date_gmt":"2026-05-05T10:46:36","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=130202"},"modified":"2026-05-05T13:49:14","modified_gmt":"2026-05-05T10:49:14","slug":"us-tries-to-ease-the-grip-of-iran-on-the-straits","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/fr\/us-tries-to-ease-the-grip-of-iran-on-the-straits\/","title":{"rendered":"US tries to ease the grip of Iran on the Straits"},"content":{"rendered":"

The global financial landscape is once again being shaped by geopolitical friction, as the US tries to ease the grip of Iran on the Straits of Hormuz, a critical artery for global energy flows. <\/p>\n\n\n\n

This escalation is not happening in isolation; it is feeding directly into currency strength, commodity volatility, and shifting investor sentiment across risk assets.market\u2019s expectations for AI<\/p>\n\n\n\n

The US dollar is benefiting from safe-haven demand, oil markets are reacting to supply disruption risks, and even cryptocurrencies are finding support from regulatory optimism. <\/p>\n\n\n\n

Yet beneath the surface, markets appear conflicted, balancing geopolitical fear with longer-term narratives like AI-driven growth and monetary policy expectations.<\/p>\n\n\n\n

USD dominates the FX market<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

The USD gained in the FX market yesterday, as the tensions in the US-Iranian conflict escalated, enhancing market worries and feeding the greenback with safe-haven inflows. <\/p>\n\n\n\n

Today we note the release of the US ISM non-manufacturing PMI figure for April and highlight the release of New Zealand\u2019s employment data for Q1. <\/p>\n\n\n\n

A possibly tighter-than-expected employment market in New Zealand could provide some support for the Kiwi and vice versa.<\/p>\n\n\n\n

US stock markets corrected lower<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

US stock markets corrected lower yesterday as Middle East worries intensified. <\/p>\n\n\n\n

Despite not doubting that the developments in the US-Iranian conflict are important, at the current stage, we consider the market\u2019s expectations for AI<\/a> to be dominant.<\/p>\n\n\n\n

In the specifics, GameStop\u2019s take-over offer of eBay raised some eyebrows about the sufficient financing of the project.<\/p>\n\n\n\n

Oil prices rise as US-Iran tensions rise<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Oil prices are rising as tensions escalate in the Persian Gulf. The US has activated a plan to escort ships out of the Gulf, practically threatening to break the closure of the Straits of Hormuz.<\/p>\n\n\n\n

As expected, Iran launched its own attacks to counter the US plans. Market expectations that the US Navy will finally be able to ease Iran\u2019s grip on the Straits tend to weigh on oil prices.<\/p>\n\n\n\n

Bitcoin rises on regulation hopes<\/strong><\/h2>\n\n\n\n

Bitcoin\u2019s price rose above $80k in today\u2019s Asian session. On a fundamental level the crypto market\u2019s sentiment improved as hopes for the CLARITY act were on the rise. <\/p>\n\n\n\n

The bill is expected to create a regulatory framework for crypto and is expected to be brought at the Senate floor in June or July. Yet we still maintain some worries for the liquidity of the crypto market.<\/p>\n\n\n\n

Autres points forts pour aujourd'hui<\/strong><\/h2>\n\n\n\n

Today we get Switzerland\u2019s CPI rates for April, Canada\u2019s trade data for March and from the US, the new Home sales for March, the JOLTS Job openings figure also for March. <\/p>\n\n\n\n

On a monetary level, we note that ECB President Christine Lagarde, Fed\u2019s Vice Chairman Bowman, ECB Board Member Lane and BoE Deputy Governor Woods are scheduled to speak. <\/p>\n\n\n\n

In tomorrow\u2019s Asian session, New Zealand\u2019s RBNZ is to release its financial stability report and China\u2019s Rating Dog Services PMI figure for April.<\/p>\n\n\n\n

Charts to keep an eye out<\/strong><\/h2>\n\n\n\n

WTI<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n

Oil prices were on the rise yesterday with WTI<\/strong> at some point testing the 107.00 (R1) resistance line. Given the inability of the commodity\u2019s price to break clearly the R1, we restrain for now, our outlook to a bias for a sideways motion between the R1 and the S1. <\/p>\n\n\n\n

We also warn though that the RSI indicator remains above the reading of 50, implying a bullish predisposition of the market. Should the bulls regain control, we may see  WTI breaking the 107.00 (R1) resistance line and start aiming for the 112.70 (R2) level. <\/p>\n\n\n\n

Should the bears take over, we may see WTI\u2019s price breaking the 100.90 (S1) support line, opening the gates for the 93.80 (S2) base. <\/p>\n\n\n\n

BTC\/USD<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n

BTC\/USD<\/strong> continued to rise placing some distance between its price action and the 76k (S1) support line. As the crypto king\u2019s price action was able to form a new higher peak after the one on the 27\u00a0 <\/sup> of April we adopt a bullish outlook and intend to keep it as long as the upward trendline guiding it remains intact. The RSI indicator reached the reading of 70, implying a strong bullish market sentiment supporting our outlook, yet at the same time may imply that Bitcoin may near overbought levels. We set as the next possible target for the bulls, the 88k (R1) resistance line, while should the bears take over, we may see it breaking the prementioned upward trendline, the 76k (S1) support line and start aiming for the 62600 (S2) support level.<\/p>\n\n\n\n

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WTI Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n
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