Markets rally as Trump pauses Project Freedom, easing Strait of Hormuz tensions and boosting stocks and crypto.

Markets rallied following President Trump's decision to pause "Project Freedom," which reduced fears of disruption in the Strait of Hormuz. This easing of geopolitical risk supported gains in equities and cryptocurrencies while weakening the US dollar. The move calmed investor concerns about potential supply chain interruptions in a critical oil shipping route, leading to increased market confidence. Investors will watch for further developments on this front to gauge ongoing risk levels.