Trump, Strait of Hormuz
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In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
The White House believes tanker traffic through the Strait of Hormuz will increase before Navy escorts are deployed, Treasury Secretary Scott Bessent said.
President Donald Trump has said other countries should send ships to reopen the Strait of Hormuz. NATO and others seem hesitant about the Iran war.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and Israel began the war on Iran.
March 15 (Reuters) - Indian foreign minister Subrahmanyam Jaishankar has hailed direct talks with Iran as the most effective way to restart shipping through the Strait of Hormuz, in an interview with the Financial Times published on Sunday.
Donald Trump has said it would be "very bad for the future of Nato" if allies don't help secure the critical waterway for global oil shipping.