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US President Trump posts image designating Strait of Hormuz as 'new US territory'

StockNow breaking-news AI analysis

Trump's designation of the Strait of Hormuz as US territory, alongside the US-Iran ceasefire collapse, pushed Brent crude to $91.85 amid severe shipping disruptions and heightened regional war risks.

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Geopolitics

Iranian Parliamentary Speaker Ghalibaf says the Strait of Hormuz will not open until the blockade and oil embargo are lifted. Adds, "Iran is ready to inflict a heavier defeat on the enemy than before, in proportion to his actions and encroachments."