"Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective blockade will allow the Hormuz Strait to be open to all, including Iran," United States (US) President Donald Trump said in a post published on Truth Social on Wednesday.

"If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," he added.

Market reaction

Markets remain risk-positive following these comments. At the time of press, the US Dollar Index was down 0.7% on the day at 97.80.