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Iran Seeks to Bar U.S. and Israeli Ships from Strait of Hormuz as Trump Claims Control

By Market Flux···1 min read

Iran plans to ban U.S. and Israeli vessels from the Strait of Hormuz and demand compensation from hostile nations before allowing passage, though enforcement scope remains unclear. President Trump told reporters the strait is "sort of open right now" and claimed U.S. control, while acknowledging Iran could still deploy mines or weapons. Trump predicted the conflict will end "pretty soon," stating Iran cannot sustain hostilities much longer.

Iran's chief negotiator accused Trump of "theater diplomacy" amid conflicting accounts of bilateral engagement. Meanwhile, lost refining capacity in Russia and the Gulf has kept fuel prices elevated despite retreating crude prices, creating political challenges for the administration.

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Sources

  1. ReutersTrump unveils trade actions to compete with China on solar and chips
  2. CnbcCNBC Daily Open: Trump's deal seems to be in dire straits
  3. CointelegraphNeed to catch up on the news? Here's our top 10 from today: Senate Majority Leader John Thune has confirmed the Clarity Act vote is being pushed back to September, according to Politico. Iran is seeking to bar US and Israeli ships from the Strait of Hormuz and demand
  4. StaunovoPresident Trump on Thursday told reporters he didn't want to say that a deal to reopen the Strait of Hormuz had been reached, but insisted it is "sort of open right now." "We control it, but they can always shoot something, they always have something, or drop a mine, and if you
  5. BusinessTrade records and satellite photos show how North Korea’s dictator Kim Jong Un has quietly amassed a $22 billion windfall, defying global sanctions to fortify his regime and nuclear arsenal. Read The Big Take: : Gavriil GRIGOROV/POOL/AFP via Getty
  6. MarketsdayIran plans to ban U.S. and Israeli ships from the Strait of Hormuz and demand compensation from hostile nations before allowing passage—a key condition for reopening the strait and restoring energy flows. How broadly Iran will enforce the ban remains unclear, but Trump is
  7. OpinionIt may not look like China, Russia, Iran and North Korea have a true alliance, but appearances can be deceiving, @halbrands writes