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Trump Says US Would Escort Ships in Strait of Hormuz 'if Needed' -Fox News Interview
President Trump warned the U.S. would escort commercial ships through the Strait of Hormuz amid Iranian mine-laying that has struck 18 vessels, disrupting global oil supply.
- Oil prices surged past $100 today as traders confirmed Iran has effectively closed the Strait of Hormuz and deployed sea mines, driving Exxon and Chevron shares to all-time highs.
- Eighteen ships in the region have been struck so far, while the U.S. Navy has not yet managed to provide safe passage for tankers in the Strait.
- On social media yesterday, President Trump stated, "We have unparalleled firepower, unlimited ammunition, and plenty of time," while insisting Iran is "about to surrender."
- Ed Yardeni of Yardeni Research said last night the stock market is discounting the possibility that the war will not be short, as the dollar pushes to new highs.
- Consumers will ultimately pay the price for the conflict, according to Fortune's Jordan Blum, as oil-driven inflation will likely increase food and grocery costs in coming months.
23 Articles
23 Articles
Trump tells Fox News US would escort ships in Strait of Hormuz 'if needed'
WASHINGTON – President Donald Trump said the United States would escort vessels through the Strait of Hormuz if needed, adding in a Fox News interview that aired on Friday that the U.S. would strike Iran “very hard over the next week.” Asked about helping oil tankers pass through the key shipping strait, Trump said: “We would do it if we needed to. But, you know, hopefully things are going to go very well. We’re going to see what happens.” He ga…
The merchant ships waiting near the Strait of Hormuz should "pull out the balls and cross it." (ANSA)
President Donald Trump said the U.S. would escort ships across the Strait of Ormuz if necessary, and added in an interview with Fox News on Friday that the U.S. would attack Iran "with all severity during next week." When asked about the possibility of helping oil tankers cross this narrow key to maritime transport, Trump responded: "We would do it if necessary. "But, you know, let's hope things go well. We'll see what happens." He didn't give a…
Trump said that U.S. escort ships sailing for Ormuz 'if necessary' and threatening to attack Go n next week 'with all harshness'.
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