Trump Asserts US Control Over Strait of Hormuz and Warns Iran of Force
Trump said the Navy has 100% control of the waterway and warned Iran could face a forceful response as oil prices climbed about 2%, traders said.
- President Donald Trump claimed the U.S. Navy has "100%" control of the Strait of Hormuz, even as oil prices surged following deteriorating prospects for a deal between Tehran and Washington.
- Prices for U.S. crude rose 2% early on Tuesday, building on an over 5% gain from Monday to trade at $82.80 per barrel, while Brent crude climbed 2.2% to $89.62.
- Jefferies economist Modupe Adegbembo told CNBC that market moves won't be so "benign" if the current deadlock between the U.S. and Tehran continues into next week.
- "It's open now," Trump told reporters, asserting the U.S. is "the only one that has control of the Strait of Hormuz right now," despite investor uncertainty.
- Asian markets traded mixed on Tuesday as the standoff persisted, with South Korea's Kospi posting gains while Hong Kong and mainland Chinese markets declined.
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Despite Trump's contrary presentation, the street of Hormus remains largely blocked. Iran provides conditions for a complete opening.
Doocy: Trump is using the BIG GUNS
Fox News’ Peter Doocy reports the latest on the alleged Iranian threat targeting President Donald Trump in Turkey from the White House. #foxnews #iran #trump #world #news Don’t just watch Fox News—be part of it. Become a Fox News Patriot today. https://youtube.com/foxnews/join Subscribe to Fox News: https://bit.ly/2vBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox...
The ceasefire in the Middle East is apparently to continue. Donald Trump claims the street of Hormus. All developments in the news blog.
Iran War: Iran, Ansar Allah Keep Up Attacks on Ships as Trump Insists He Controls Strait of Hormuz, Will Break Iran Economically; Press Highlights Trump Cowardice in Catering Truck Escape From Ankara
Today's Iran war news: Trump holds fast momentarily as his humiliation becomes more visible and Iran and Ansar Allah keep attacking.
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