Trump can't rename Strait of Hormuz
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Just how much oil is flowing through the Strait of Hormuz today since the start of the Iran war 187 days ago? No one can seem to agree. American Petroleum Institute vice president Mason Hamilton captured the mood of the crude tanker market in a single X post last month: “Might as well rename it
The Energy secretary spoke to CNBC's Brian Sullivan in Venezuela on Wednesday, after President Donald Trump announced a massive oil deal with Caracas.
Ship traffic on the Strait of Hormuz remains low after the renewed US attacks on targets in Iran earlier this week and Iran’s retaliatory attacks in the region, including firing at US Gulf ally Kuwait yesterday.
The ships were hit near Oman on Monday, the latest attacks on vessels in the Persian Gulf. Oil prices rose more than 2 percent.
Trump suggested renaming the Strait of Hormuz "Trump Strait" after saying the strategic waterway is under U.S. control.
South Korea is considering deploying P-8A Poseidon maritime patrol aircraft, mine-clearance specialists and a naval logistics support ship to the Strait of Hormuz as U.S. forces confront Iranian maritime threats in the region.
The Iranian embassy in Sierra Leone on Thursday took a dig at the United States, referring to the US as its personified character, “Uncle Sam,” and challenging it to “come to Iran."
The US military escorted 40 commercial vessels carrying 18 million barrels of oil through the Strait of Hormuz, marking a wartime high as Iran and the US exchanged a new round strikes on Tuesday, two US officials familiar with the operations told CNN.