Trump: Oil prices will plummet after war ends ‘very soon’
Iran offered to reopen the Strait of Hormuz within seven days if Washington lifted sanctions and its naval blockade, officials said.
- On Saturday, President Donald Trump posted an image to Truth Social depicting the Strait of Hormuz as "Trump Strait," shortly after Iran proposed reopening the waterway if Washington meets specific conditions within seven days.
- Iranian Foreign Minister Abbas Araghchi stated that Tehran could reopen the strait if Washington lifts its naval blockade, waives oil sanctions, and observes a ceasefire extending to Lebanon, saying, "The choice now rests with the United States."
- Trump expressed skepticism that Iran will meet demands, reiterating that Tehran cannot acquire nuclear weapons. President Masoud Pezeshkian previously pushed back against Trump's threat to "annihilate" the Islamic Republic, though he remains open to diplomacy.
- The White House reported Friday that U.S. officials are holding "positive and constructive" conversations with mediators, though Trump indicated that fresh American air strikes on Iranian targets remain a possibility.
- Nearly a fifth of the world's traded oil and gas moved through the waterway before the conflict, making it central to Iran's leverage. Continued disruptions have rattled energy markets and added pressure ahead of the U.S. midterm elections.
192 Articles
192 Articles
US President Donald Trump shared an image depicting the Strait of Hormuz as the "Trump Strait."
Trump Renews ‘Trump Strait’ Proposal With New Hormuz Map Post on Truth Social
U.S. President Donald Trump has reignited controversy over the Strait of Hormuz after sharing a map on his Truth Social account labeling the strategic waterway as “Trump Strait”, reviving a proposal he has repeatedly promoted during the recent U.S.-Iran crisis. The image, posted Sunday, highlighted the Strait of Hormuz between Iran and Oman with a […]
Trump Rejects Iran Ceasefire, Posts 'Trump Strait' Image
President Trump rejected a seven-day Iran ceasefire offer that would reopen the Strait of Hormuz and restart nuclear talks, then posted a ‘Trump Strait’ image while keeping the port blockade in place. The proposal reached Washington through Qatari mediators. It called for a weeklong ceasefire, Iran reopening the narrow Strait of Hormuz on the sixth […]
After that, he said, oil prices would go down sharply.
'Oil Will Come Dropping Down as Soon as Iran Gives Up': Trump Says War Will be Over 'Soon'
Speaking briefly before departing the White House prior to taking off for the Chicago area to attend the Presidents Cup, Trump highlighted energy production trends, claiming that a record volume of oil was extracted overnight, surpassing pre-war production levels.
Oil will come dropping down as soon as Iran gives up: Trump says war will be over soon
Speaking briefly before departing the White House prior to taking off for the Chicago area to attend the Presidents Cup, Trump highlighted energy production trends, claiming that a record volume of oil was extracted overnight, surpassing pre-war production levels.
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