Market Flux Event
Trump Announces All Hormuz Mines Cleared, Warns Iran of Destruction for Any New Placement
President Trump declared on August 25 that the U.S. Navy has removed or detonated all mines in the international waters of the Strait of Hormuz, warning Iran that any vessel placing new mines will be "immediately and systematically destroyed." Trump added that U.S. Space Force is now monitoring the strait, along with Pickaxe Mountain and three other nuclear sites he described as already destroyed, and announced a zero-tolerance policy on new mine placement.
The announcement came despite a recent tanker attack near Oman that killed a crew member, with the ship struck less than one nautical mile from the Omani coast. U.S. Central Command declined to independently confirm the mine clearance, referring questions to the White House.
The market test remains practical: analysts note that sustained, safe tanker flows through Hormuz would reduce the geopolitical risk premium baked into crude prices, while any renewed disruption would send oil sharply higher. Brent had already climbed above $90 per barrel in the days before the announcement amid persistent uncertainty over transit conditions, and shipping risk remains elevated despite Trump's declaration.
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Sources
- FirstSquawkTrump on truth social Based on my very good relationship with Kim Jong Un, of North Korea, I was not happy with the fact that the United States had, long ago, agreed to participate in Joint Military Exercises with South Korea. These exercises are not only costly, with much of these costs paid for by the United States of America (as usual!), but send a signal that is totally inappropriate and hostile, to a Country that, as long as Donald J. Trump has been President, has been unthreatening and respectful. Therefore, and based on the fact that it was too late to cancel, I instructed Secretary of War, Pete Hegseth, to substantially reduce the Joint Military Exercises! While somewhat unrelated (?), I recently asked the President of South Korea if they would like to join us in the Denuclearization of the Islamic Republic of Iran, and they said, “No thanks!” Thank you for your attention to this matter. President DONALD J. TRUMP
- JoshYoungThere is so much oil flowing through the Strait of Hormuz that the Trump Administration is offering big concessions to Iran - to allow the resumption of the flow of oil through the Strait!
- MarketRebelsTrump on Canada : "They have driven many wonderful U.S. companies out of business. For 10 years they wouldn’t certify Gulfstream Jets, until I got involved. They wanted 100% of the market for Gulfstream’s Canadian competitor. I deal with many countries, and Canada is easily the most difficult and unreasonable. They feel entitled, but they are not a State, and will be entitled no longer! President DJT"
- FaststocknewssTRUMP SAYS ALL MINES CLEARED FROM STRAIT OF HORMUZ INTERNATIONAL WATERS Trump: "I have just been informed by the United States Navy that all mines have been removed and/or detonated from within the International Waters of the Strait of Hormuz. Iran has been notified that any ship or boat placing new mines will be immediately and systematically destroyed." He says Space Force is monitoring the strait along with Pickaxe Mountain and three other nuclear sites he describes as already destroyed, and declares a "Zero Tolerance policy on mine placement in full force and effect."
- DeItaoneTRUMP SAYS STRAIT OF HORMUZ MINES CLEARED President Trump says the U.S. Navy has removed or detonated all mines in international waters of the Strait of Hormuz. Trump warned Iran that any vessel placing new mines will be “immediately and systematically destroyed.” He added that U.S. Space Force is monitoring the Strait, with a zero-tolerance policy on new mine placement.
- StaunovoTrump post on Iran
- NaeemAslam23TRUMP SAYS HORMUZ MINES ARE CLEARED AS US MOVES TO KEEP THE WORLD’S KEY OIL LANE OPEN President Trump says the U.S. Navy has removed or destroyed mines from international waters in the Strait of Hormuz and warned that vessels laying new mines will be stopped. Shipping risk remains elevated after another tanker attack near Oman. The market test is traffic, not words. Safe and sustained tanker flows would remove one of crude’s biggest supply premiums. Oil is the direct trade. Reliable Hormuz transit pushes the risk premium lower; renewed disruption sends crude higher fast.
- Unusual_WhalesTrump has said all the mines have been removed from the Strait of Hormuz