Iran rebuffs Trump's claim over Strait of Hormuz amid report of another ship being struck
CNBC1h ago1 newsroom
Iran's deputy foreign minister says Hormuz "will remain Iranian" after Trump's claim that the waterway would soon become U.S. territory.
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Why it matters
The Strait of Hormuz is a critical chokepoint for global oil shipments; disputes over its control can directly affect energy prices and supply security worldwide.
Most affected
Oil importers and consumers globally — Potential exposure to energy price volatility if shipping through the strait becomes contested or restricted. Commercial shipping using the Strait of Hormuz — Operating environment becomes more uncertain amid territorial claims and political tension.
Likely next
Whether Trump clarifies or expands on his claim about U.S. control of the strait, and whether Iran takes further diplomatic or military action in response.