Trump Says 'Doing Well' in Iran, Asserts Hormuz Control

Trump said renewed attacks on Iran would likely be short-lived, arguing the U.S. controls the Strait of Hormuz, despite fresh fighting that spiked energy prices and revived fears of an open-ended war. The implication is near-term oil/gas volatility risk, with the headline geopolitical uncertainty likely to support higher risk premia for energy markets.