Breaking
Trump Says US Is ‘Taking Control’ of Strait of Hormuz, Iran ‘Gained Nothing’
Minseung Kang
Summary
- Trump said the US was “taking control” of the Strait of Hormuz, highlighting risks tied to the waterway.
- The US military said it struck 140 targets inside Iran, fueling volatility in risk assets as the US-Iran conflict intensifies.
- Markets are watching whether military tensions around the Strait of Hormuz could affect global oil prices and sentiment toward risk assets.
President Donald Trump escalated pressure on Iran over the Strait of Hormuz.
Trump said the US was “taking control” of the Strait of Hormuz, crypto-focused media outlet Odaily reported on July 13.
He added that Iran “has nothing now” and “gained nothing.”
The comments came as tensions between the US and Iran intensified. US Central Command had earlier said American forces struck 140 targets inside Iran on the night of July 12.
Markets are watching whether military tensions around the Strait of Hormuz will affect global oil prices and sentiment toward risk assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.