US President Trump: Iran in a state of collapse

In a post published on Truth Social on Tuesday, United States (US) President Donald Trump said that Iran has just informed them they are in a "stat of collapse."

"They want us to open the Hormuz Strait as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!)," he added.

Market reaction

These comments failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was up 0.25% on the day at 98.73.

Apr 28, 2026

GBP/JPY consolidates near highs as momentum shows signs of exhaustion

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Tuesday as the Yen gains traction following the latest monetary policy decision from the Bank of Japan.

GBP/USD weakens as Fed and BoE caution, geopolitics bolster US Dollar

GBP/USD trades lower on Tuesday, hovering around 1.3490 at the time of writing, down 0.33% on the day as investors trim positions ahead of key monetary policy decisions from the Federal Reserve (Fed) and the Bank of England (BoE) later this week.