Oil Surges As Trump Asserts Control Over Strait Of Hormuz; What Happens Now - Investor's Business Daily
Oil Surges As Trump Asserts Control Over Strait Of Hormuz; What Happens Now - Investor's Business Daily
Source: Investor's Business Daily
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DW NOTE
Trump's claim that the US now "controls" the Strait of Hormuz is diplomatic theatre. The strait reopened because Washington and Tehran agreed to a ceasefire after four months of closure — not because one side seized unilateral authority over a waterway that carries 35-40 tankers per day through Iranian territorial waters. Oil spiked 12-13% last week not because control changed hands, but because traders are pricing the risk that the ceasefire doesn't hold.