Trump’s “state of collapse” remark and the call to reopen Hormuz could carry major macro implications beyond geopolitics. Markets will likely watch oil, gold ($XAU ), silver ($XAG ), and risk assets very closely.
If Hormuz stability comes back into focus, energy volatility may ease, but uncertainty around leadership can keep safe-haven flows elevated. Moments like this often move narratives fast before prices fully adjust. Worth watching how macro traders position from here, especially with geopolitical risk now directly shaping market sentiment.