[ING: Reopening Hormuz is Key to Dollar Downtrend] Odaily Planet Daily News - Francesco Pesole of ING stated in a report that reopening the Hormuz Strait might be a necessary condition to drive a larger decline in the U.S. dollar. Trump mentioned that U.S. military operations in Iran could conclude within two to three weeks, while Iranian President Pezehiziyan indicated that Tehran has the 'necessary willingness to end the war' if certain conditions are met. However, it remains unclear whether the Hormuz Strait will be reopened. Pesole noted: 'We believe that only when the timeline and pathway for reopening the strait become clearer can the U.S. Dollar Index (DXY) potentially fall back to its March 23 low of 99.0.' (Jin10)