Trump Says US “Owns” Strait of Hormuz as Oil Prices Climb

President Donald Trump has declared that the United States has “total control” over the Strait of Hormuz, a critical shipping route for global oil. “We own it,” Trump said, adding that any hostile action by Iran would be met with force. The statement comes as negotiations between Washington and Tehran appear deadlocked, with both sides hardening their positions. The strait is a narrow waterway through which about a fifth of the world’s oil passes, making it a flashpoint for tensions. Traders have responded by pushing oil prices higher, reflecting growing uncertainty over whether a diplomatic deal can be reached. Bloomberg’s Tyler Kendall reports that the market remains on edge as talks continue without visible progress. Despite Trump’s forceful language, discussions have not been officially called off. However, the gap between the two sides appears wide, and no breakthrough has been announced.