Dow Soars over 950 Points After Trump Suggests US May End Iran War without Reopening Strait of Hormuz
Trump said allies should help reopen and police the strait as U.S. officials seek a multinational maritime presence after the war.
- On Tuesday, President Donald Trump urged allied nations to "Build up some delayed courage, go to the Strait, and just TAKE IT," expressing frustration with the monthlong conflict remaining unresolved.
- Several European countries have resisted involvement, with Spain closing its airspace to U.S. jets and Italy denying a U.S. military aircraft permission to land at a base.
- U.S. gasoline prices recently climbed above an average of $4 a gallon, while experts warn crude could surge to as much as $200 a barrel if the waterway remains closed for six to eight weeks.
- Iran's President Masoud Pezeshkian told European Union Council President Antonio Costa the Islamic Republic has "the necessary will to end this war," but demands guarantees to prevent aggression.
- Trump previously warned that if the Strait of Hormuz is not immediately "Open for Business," he will obliterate Iran's oil wells, power plants, and Kharg Island.
19 Articles
19 Articles
The President pressed allies to ‘fight for themselves’ to reopen Ormuz, while hostilities continued in the Gulf
Marco Rubio Shrugs About Reopening Strait of Hormuz
Secretary of State Marco Rubio dismissed Iran’s control over the Strait of Hormuz as a major problem for the United States, arguing it will affect allies and other countries more. Rubio joined Fox News’ Sean Hannity as the Iran war continues, with President Donald Trump claiming on Tuesday that U.S. involvement should be wrapped up in two or three weeks. Hannity asked Rubio if the Strait of Hormuz, where roughly 20% of the world’s oil moves thro…
Trump attacks allies, signals Iran war may end without opening Hormuz
Dow soars over 950 points after Trump suggests US may end Iran war without reopening Strait of Hormuz
U.S. President Donald Trump speaks with members of the media onboard Air Force One on March 29, 2026. (Nathan Howard/Getty Images) (NEW YORK) — The Dow Jones Industrial Average soared more than 950 points on Tuesday after President Donald Trump appeared to suggest the U.S. may end the Iran war without reopening the Strait of Hormuz. In a post on social media, Trump indicated that the task of reopening the strait may fall to other countries, urgi…
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