🇺🇸 LATEST: Trump says the U.S. has "total control" over the Strait of Hormuz, calling its naval blockade a "wall of steel," according to Reuters.

What happened

Former President Donald Trump said the United States has total control over the Strait of Hormuz and described its naval blockade as a "wall of steel."

Confirmed

Global impact / market context

The Strait of Hormuz carries a large share of world oil; a claim of U.S. control suggests the shipping lane may stay open, which can keep oil prices steadier for investors.

Analyst inference

Energy traders watch political statements about the Strait because any hint of disruption can move crude prices, affecting oil‑related stocks, ETFs and commodity futures.

Analyst inference

What to watch

1. Further comments from Trump or U.S. officials confirming the blockade’s extent, which could shape expectations about shipping safety and insurance costs. Proposed
2. Official U.S. Navy deployments or exercises in the Strait, indicating whether the claimed "wall of steel" is being physically implemented. Proposed
3. Immediate movements in crude oil spot and futures prices after the statement, showing how markets price perceived supply security. Proposed

Evidence

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