Iran, Trump and Strait of Hormuz
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Fears grow in Lebanon of Israeli ground invasion as IDF preparing for "several more weeks of fighting against Iran and Hezbollah".
Strait of Hormuz closure dominates a Trump-Starmer call, as Trump's 48-hour ultimatum to Iran warns of further U.S. strikes on Iranian energy infrastructure.
At war with Iran, President Donald Trump is cycling through an increasingly desperate list of options as he searches for a solution to the crisis in the Strait of Hormuz.
Israelis said securing the strait for energy shipments could become the war’s main goal now that regime change and ending Iran’s ability to obtain a nuclear weapon seem out of reach.
U.S.-Iran threats over Hormuz rattle markets as oil risk lingers and missiles hit Israel, raising fears of a prolonged conflict.
President Trump and U.K. Prime Minister Keir Starmer spoke by phone Sunday and “agreed that reopening the Strait of Hormuz was essential to ensure stability in the global energy market,” the prime minister’s office said.
Strait of Hormuz traffic is near collapse as Iran reportedly charges tankers $2 million in transit fees, prompting President Trump to threaten strikes on Iranian power infrastructure.
Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
President Donald Trump says NATO and other allies have rejected his calls to help secure the Strait of Hormuz.