Trump Says the Hormuz Blockade Is 'Doing Very Well'

President Trump said the naval blockade of the Strait of Hormuz is "doing very well" and suggested a new deal could give the US "free oil." The remarks point to heightened geopolitical sensitivity around a critical energy chokepoint, with potential implications for crude supply and pricing. While no formal policy change was announced, the Strait of Hormuz is central to global oil flows, making the comments market-relevant.

Analysis

President Trump said the naval blockade of the Strait of Hormuz is "doing very well" and suggested a new deal could give the US "free oil." The remarks point to heightened geopolitical sensitivity around a critical energy chokepoint, with potential implications for crude supply and pricing. While no formal policy change was announced, the Strait of Hormuz is central to global oil flows, making the comments market-relevant.