Trump says US should control Strait of Hormuz and get paid for it
- Control of Strait of Hormuz has become one of the main battlegrounds of the conflict
President Trump announced the US would take over and manage the Strait of Hormuz, expecting reimbursement, amidst escalating US-Iran conflict and its impact on global oil supplies.
- Trump's proposal for US control and reimbursement for the Strait of Hormuz.
- Iran's conditions for reopening the vital global oil route.
- Escalating US-Iran military exchanges and their impact on oil prices.
WASHINGTON: President Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital waterway.
“We’re going to keep the strait, and we’ll probably run it. We’ll become the guardian of the strait. Maybe we’ll call it the guardian angel of the strait. And we should be reimbursed for that,” he said in a phone interview on Fox News’ “Fox & Friends” program.
Control of the Strait of Hormuz, a vital route for global oil supplies, has become one of the main battlegrounds of the conflict. Iran’s effective blockade of the strait has pushed up energy prices and increased concerns about inflation globally.
“We’re going to guard it. We’re going to get paid for guarding it - a lot of money,” Trump said.
“We’re going to be reimbursed, because the other nations are very wealthy. They’re on our side, and we can’t be expected to do that for nothing,” he said.
After announcing the waterway’s closure on Saturday following what it described as an unauthorized transit, Tehran said on Sunday that passage remained suspended and that permits would be issued once “stability and calm” were restored.
“We had a deal. It was a done deal, and then they broke it. They always break it. We’ve had 10 deals with these people, and so we’re just going to hit them very hard,” Trump said.
Iran’s Revolutionary Guards said in a statement on Monday that the only way to restore regular shipping traffic through the strait was to end US military interventions in the waterway, and warned that “continued interference could lead to greater incidents in the global oil and gas sector.”
US and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, with Tehran saying it had struck US military facilities across the Gulf and kept the Strait of Hormuz closed, driving oil prices higher.
The latest exchanges mark a sharp escalation in both the pace and geographic reach of attacks over the past week, casting doubt on an interim US-Iranian agreement signed last month to reopen the strait and halt hostilities while the sides pursued a further 60 days of negotiations.
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