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Trump Says Strait of Hormuz Should Be 'Trump Strait'
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain
Donald Trump suggested renaming the Strait of Hormuz after himself while discussing Iran, asserting that the US controls the strategically critical oil-shipping route. He also predicted lower oil prices. The comments could raise geopolitical uncertainty around a chokepoint handling a significant share of global seaborne oil trade, though no specific policy action was announced.
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