Trump says war to end quickly as Iran claims control of Strait of Hormuz
Summary
Iran claims it now controls the Strait of Hormuz by creating an authority that manages ship traffic and tolls. President Donald Trump says the war with Iran could end soon if Iran accepts the U.S. peace proposal but warns of stronger military attacks if they refuse.Key Facts
- Iran created a new Persian Gulf Strait Authority to control ship movements and collect tolls in the Strait of Hormuz.
- The Strait of Hormuz has been effectively closed since early March, blocking a fifth of the world's oil supply.
- Shipping experts report no ships have passed through the strait since May 4.
- President Trump says peace talks with Iran are going well and a deal might be reached soon.
- Trump warns that if Iran rejects the offer, the U.S. will increase military attacks.
- Oil prices fell below $100 per barrel due to hopes of peace and reopening of the strait.
- French President Emmanuel Macron called the recent strikes on the UAE unjustified and urged lifting the blockade.
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