Tehran says the fallout has already reached the negotiating table with their foreign ministry claiming Trump's memorandum of understanding with Iran has entered a 'crisis phase.'
President Trump signed an agreement that Iran said gave it control of the waterway — and global energy supplies. Now, Iran’s military is violently asserting authority.
Trump last instituted a blockade on the strait in April, after Iran had already closed the vital passageway. The U.S. blockade wasn’t particularly successful back then, considering that Iran had the economic resources to outlast it, and ended with the U.S.-Iran memorandum of understanding last month. Over the weekend, Iran targeted U.S. military bases in…
Trump says the U.S. will be known as "THE GUARDIAN OF THE HORMUZ STRAIT," and will charge 20% on all cargo shipped via the waterway to cover security costs.
President Donald Trump announced Monday that the United States will reinstate its naval blockade of Iran and be "reimbursed, at the rate of 20% on all cargo shipped" through the Strait of Hormuz, a levy he did not explain.Trump said the strait itself would stay open to every country other than Iran. Hours earlier, in a call-in to Fox News, he said: "We're…
President Trump said Monday that the U.S.’s naval blockade on the Strait of Hormuz will be reinstated as both Washington and Tehran fight for control of the crucial waterway after strikes were exchanged over the weekend. “The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran,” Trump wrote on Truth Social. “We…
The US is "taking out" all of Iran’s capability that has anything to do with the Strait of Hormuz and will "end up just controlling the whole thing" in the end, President Donald Trump says in the Oval Office. (Source: Bloomberg)
WHAT’S HAPPENING TODAY: Good afternoon and happy Monday, readers! We hope you all had a restful weekend. We are in for another heat wave this week for parts of the East Coast. For more information on the upcoming heat wave and ways to stay safe, read here. ☀️🫠 Welcome to Daily on Energy, written by…
