In a report, Francesco Pesole of ING Group stated that reopening the Strait of Hormuz might be a necessary condition for a more significant decline in the US dollar. Trump indicated that the US military action in Iran could end within two to three weeks, while Iranian President Pezechzian stated that Tehran has the "necessary will to end the war" if certain conditions are met. However, it remains unclear whether the Strait of Hormuz will reopen. Pesole stated, "We believe that only when the timetable and path for the reopening of the strait become clearer will the US dollar index (DXY) likely fall back to its March 23 low of 99.0." (Jinshi)