Trump claims that the United States has full control of the Straits of Hormuz

On its way to Ohio, Trump stated that the United States had full control of the Strait of Hormuz, in stark contrast to the shipping attacks of the past few weeks. Senior Iranian security officials reiterated that the Strait of Hormuz would remain closed until Washington met its conditions. While Trump's statements convey a rare sense of self-confidence, the market may see them as oral interventions that attempt to lower oil prices, rather than as a covert description of current control. The analysis suggests that Trump ' s comments may not have a lasting impact on the market, as shipping data and comments from mediators from Qatar and Pakistan have a greater impact on pricing。