Trump sees the war as 'practically over' and says he is considering taking over the Strait of Hormuz

The President of the United States, Donald Trump, stated that the war against Iran is 'practically over' and revealed that his administration is studying taking control of the Strait of Hormuz, a strategic route through which about 20% of the world's oil passes.

Trump sees the war as 'practically over' and says he is considering taking over the Strait of Hormuz

TL;DR

  • President Trump believes the war with Iran is "practically over."
  • He claims the U.S. and Israel are far ahead of schedule in their operation against Iran.
  • Trump asserts Iran lacks a navy, communications, or air force, with its missiles dispersed and drones destroyed.
  • He is considering "taking control" of the Strait of Hormuz.
  • The Strait of Hormuz is a critical maritime passage for global trade, handling 20% of the world's crude oil.
  • Trump has no message for Mojtaba Khamenei, the newly appointed supreme leader of Iran.
  • The markets reacted to Trump's statements, with oil prices falling and the Dow Jones industrial average rising.