Trump: We're taking over the Strait of Hormuz - investingLive
Donald Trump has suggested that the U.S. should take control of the Strait of Hormuz and charge tolls for guarding the region. The comments have sparked market volatility, specifically impacting oil prices and currency values.
Why it matters
The proposal represents a radical shift in U.S. foreign policy and maritime security strategy, with immediate implications for global energy markets.
This is a comment that sounds like a resumption of the war in Iran. Trump didn't TACO at the start of the week, so we will have to see where oil goes from here.
So that really is the question. Can Iran close the Strait?
If not, how long does the US want to keep its navy in the region to fight drones flying at ships crossing the Strait?
"We had a deal and they broke it," he said of the Strait.
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