Trump Declares Hormuz a US Territory Amid Escalating Tensions with Iran

President Donald Trump's announcement to declare the Strait of Hormuz as U.S. territory has sent shockwaves through energy markets, pushing Brent crude prices toward $90 per barrel.

The move marks a significant escalation in the ongoing conflict between the U.S. and Iran, which has been active since February 2026.

As a critical chokepoint for international energy transit, the Strait of Hormuz serves as a route for approximately 20% of the world's seaborne oil and liquefied natural gas (LNG) shipments.