US President Donald Trump on Tuesday said the Strait of Hormuz would be fully reopened by Friday and remain open to shipping toll-free on a permanent basis, Anadolu reports. Speaking to reporters at a meeting with the United Arab Emirates’ President Mohamed bin Zayed Al Nahyan in France, Trump said: “We’re going to have it (Strait of Hormuz) fully open by Friday.” “The ships are starting to move nicely, oil is starting to go, and the prices are coming down rapidly. Stock market is going up rapidly, a lot of good things are happening, and most importantly, Iran will not have a nuclear weapon,” Trump said. He said the waterway “is going to be open toll-free, and it’s toll-free beyond the 60 days,” adding: “When it opens permanently, it’ll be toll-free.” The US president vowed to share with media the peace deal document reached with Iran “in a couple of days.” READ: Iranian ships cross US naval blockade area without obstruction for 1st time after deal: Report “I’ll not only release it, I’ll probably have a press conference and read it to you word by word, so that the press covers it accurately, because it’s a very important document,” he said. Trump also said he intends to send the Iran deal to Congress for review, saying: “I like the idea … Send it to Congress, please.” He said that if the deal is not approved, “let’s let them (Iran side) have a nuclear weapon,” adding that the Democrats will “go crazy.” The US president also said removing Iran’s enriched uranium following US strikes on the country would be a “very tough excavation,” adding that only US and “probably China” have the capability to do it. READ: Germany says Hormuz mine-clearing mission depends on US, Iran consent
US President Donald Trump on Tuesday said the Strait of Hormuz would be fully reopened by Friday and remain open to shipping toll-free on a permanent basis, Anadolu reports. Speaking to reporters at a meeting with the United Arab Emirates’ President Mohamed bin Zayed Al Nahyan in…
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A tanker identified as the Kaifan was struck by an unknown projectile northeast of Oman’s Limah in the Strait of Hormuz, according to a July 21 report from UK Maritime Trade Operations. No ships were observed transiting the strait that day. Attribution of the strike and links to prior incidents have not been confirmed by the vessel’s owner.
Goldman Sachs has projected Brent crude averaging $80 per barrel in the fourth quarter and $75 in the following year, conditional on reduced Middle East tensions, while noting upside risks from potential shipping disruptions in the Strait of Hormuz or Red Sea.
Brent prices rose above $91 per barrel amid recent U.S.-Iran exchanges and Houthi threats to Saudi shipments before edging lower on Tuesday. A senior Iranian official told Reuters that mediators had proposed a 10-day ceasefire to preserve an interim agreement.
US forces struck the tanker Settebello in the Gulf of Oman on June 10, killing three Indian crew members when munitions hit the engine room and adjacent areas. Maritime tracking data indicate the vessel had transported Iranian oil under US sanctions for several years and conducted offshore transfers prior to the strike.
The US military described the action as a precision operation, while reports note the ship was stationary at the time.
Iranian officials reported strikes on US radar and air defense sites in Kuwait and Bahrain, along with the interception of two oil tankers in the Strait of Hormuz. The United States conducted strikes on Iranian targets following the deaths of three US soldiers, with the Pentagon stating the actions aimed to degrade capabilities affecting shipping.
Houthi forces in Yemen announced plans to blockade Saudi ports, while both US and Iranian leaders issued statements on further escalation.