Trump Suggests U.S. Will ‘Take The Oil' From Strait Of Hormuz ‘With A Little More Time'

President Trump said the U.S. could 'easily' reopen the Strait of Hormuz and 'take the oil' but provided no operational details. The remark raises geopolitical risk to Gulf oil flows, increasing uncertainty and potential upside pressure on crude prices and oil-market volatility until policy intent or actions are clarified.

Analysis

President Trump said the U.S. could 'easily' reopen the Strait of Hormuz and 'take the oil' but provided no operational details. The remark raises geopolitical risk to Gulf oil flows, increasing uncertainty and potential upside pressure on crude prices and oil-market volatility until policy intent or actions are clarified.