Summary
- U.S. President Donald Trump said no outside support is needed for escorting ships transiting the Strait of Hormuz.
- He noted that the Strait of Hormuz is a critical maritime shipping route through which about 20% of global crude-oil flows pass.
- He noted that a military clash in the Strait of Hormuz could have a major impact on global energy markets.
Forecast Trend Report by Period
U.S. President Donald Trump said no external assistance is needed for escorting vessels transiting the Strait of Hormuz.
According to Walter Bloomberg on the 17th (local time), Trump said, "We don't need any help escorting ships" in the Strait of Hormuz.
The remarks came as military tensions in the Middle East intensify, putting the spotlight on security in the Strait of Hormuz, a major maritime shipping route.
The Strait of Hormuz is a critical sea lane through which about 20% of global crude-oil flows pass, and any military clash could have a major impact on global energy markets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
