President Donald Trump has stated that he plans to declare the Strait of Hormuz US territory after the conflict with Iran, adding a new point of tension to the months-long war. This move is in response to Iran’s continued closure of the strategic waterway.
Impact on Shipping
The standoff is affecting commercial shipping, with two vessels operated by the UAE’s ADNOC being attacked while crossing the strait. The UAE has blamed Iran for these incidents. Additionally, ship-tracking data shows that only two vessels passed through the strait on Friday, compared to over 130 per day before the war.
President Trump has also acknowledged the economic impact of the conflict on the US, telling Americans to accept higher gasoline prices as the conflict continues. US fuel prices are now about 29% higher than a year ago.
Original reporting: WBAP News/Talk (Dallas-Fort Worth) — read the source article.