Trump's proposal to reopen the Strait of Hormuz to Iran is doubtful, and the US dollar has risen.

An American official said on Monday that President Trump is skeptical of Iran's latest proposal to reopen the Strait of Hormuz and end the war, causing the dollar to rise. Reports suggest that Trump's remarks sound like he is saying that Iran is not sincere and unwilling to meet his key demands, which include stopping nuclear enrichment activities and committing to never produce nuclear weapons. This latest news has pushed up oil prices, and as the United States is a net oil exporting country, this has provided support to the dollar. The DXY dollar index rose 0.1% to 98.613.