Trump Says US May Eventually Oversee Strait of Hormuz, Would Be Compensated
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President Donald Trump said the US could eventually take over operations in the Strait of Hormuz.
Trump made the remarks on July 13, according to crypto-focused media outlet BlockBeats.
If the US ultimately leads the strategic waterway, the country "will be compensated," he said.
"We will be the guardian of the Strait of Hormuz," Trump said.
The comments came as military tensions between the US and Iran intensify and as passage through the Strait of Hormuz has become a key factor driving volatility in global oil prices and financial markets.
Markets are watching whether greater US involvement in the strait could prolong Middle East risks. The potential impact on international oil prices and sentiment toward risk assets is also a key focus.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.