Trump's Strait of Hormuz Comments Spark Slight Oil Price Dip

President Donald Trump has made several statements on Truth Social that have had an immediate impact on oil prices.

The US Navy operation targeting Iranian ports remains in full force, and the Strait of Hormuz is open for business, with all sea mines removed or detonated.

Crude oil prices have fallen slightly as a result, as the prospect of reopening the Strait of Hormuz suggests that the physical flow of crude oil may resume. This accounts for around 20 per cent of global supplies.

Trump's statements confirm Washington's intentions to exercise de facto unilateral control over the Strait of Hormuz, stripping Tehran of its most important bargaining chip in energy blackmail.