28/05/2026
We explain why the dollar suddenly lost ground, gold jumped, and crypto traders got another adrenaline hit.
Dollar weakens — and it’s all because of hopes for a deal with Iran
Over the weekend signals emerged that a US–Iran agreement on “reopening” the Strait of Hormuz may be close. Markets took that as a reduction in geopolitical risk — and the dollar reacted by weakening: EUR/USD rose and the dollar index fell.
Donald Trump wrote that a “peace agreement is mostly agreed,” but later in the evening he cooled expectations somewhat, saying there’s no need to rush and the blockade will stay in place until everything is finalized.
Oil, which had been keeping inflation expectations on edge (Brent climbed above $114 in early May), pulled back amid diplomacy — meaning less pressure on fuel prices and, consequently, less inflation.
That also weighs on the dollar: traders expect that if energy doesn’t push prices as much, the Fed will have fewer reasons for aggressive tightening.
Importantly, there’s still no clear plan for lifting sanctions or firm timing for reopening the strait. Iran says it will retain control of the Hormuz passage, which creates friction between the sides.
Gold rises — investors reshuffle risk
On the news of a possible deal, gold gained roughly 1% (in the text — to $4 576 per ounce). People buy the metal both as insurance and on expectations of shifting inflation dynamics.
Apple preparing a major iOS 27 update
Apple is preparing a big iOS 27 and related-systems update, Mark Gurman reports in Bloomberg. According to him, changes will affect AirPods management, AI image generation, support for third‑party streaming services, and a standalone Siri app with automatic chat deletion.
Apple plans to fully redesign the AirPods settings panel in iOS 27, iPadOS 27 and macOS 27. The interface will become more functional, convenient and logically organized. Although Apple won’t release a separate AirPods app (as many requested), the existing control panel will be reworked so health tools, gestures and AI audio processing are easier to manage in one place.
The separate Siri app will become something like ChatGPT or Gemini: chat bubbles, text and voice input, file uploads, searchable chat history. The key feature is automatic chat deletion — users can choose retention: 30 days, one year, or forever.
Crypto: short liquidations and a classic short squeeze
About $264 million in short positions on crypto were liquidated on major exchanges in a 12‑hour period ending May 24. The sharp price rise surprised bears and triggered a cascading short squeeze in the derivatives market.
A few days earlier, on May 22, the market suffered a heavy sell‑off: $576 million in leveraged positions were liquidated, with more than 90% of losses on long positions. Bitcoin fell to around $75,000 amid uncertainty over SEC delays on tokenized stock trading.
The rapid reversal after the sell‑off forced short sellers to close positions en masse as prices rose. Forced buy‑ins amplified the buying impulse and produced a short‑squeeze effect: liquidations pushing the price in the opposite direction.
This was reported based on market data shared by Cointelegraph on X, citing MEXC and HOKANEWS. No detailed asset breakdown was published then, but traditionally Bitcoin and Ethereum make up the bulk of liquidations due to their dominant open interest in derivatives.
Bottom line
If the US and Iran sign at least a memorandum and clarify timing for the Hormuz Strait and sanctions, the geopolitical premium will fall, oil will keep correcting, the dollar will weaken, and risky assets (stocks, crypto) will get strong support.
But for now there are statements without concrete plans. Any new comment (especially from Tehran!) can bring volatility back. Manage risk carefully and watch the news.
If you want to follow these moves in real time and try trading, we recommend opening an account with a trusted broker — InstaForex. The company has a handy mobile app — download, register and test the interface (don’t forget the demo if you want to try risk‑free).
✅ Want to open an account or download the app? Check the link in our BIO
