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Home›Global Markets›Trade & Tariffs›Markets question Trump’s claim of full control of Stra…

Markets question Trump’s claim of full control of Strait of Hormuz

Reported · Written up by our desk · Trade & Tariffs

CNBC World notes that U.S. President Donald Trump said the U.S. Navy has "100%" control of the Strait of Hormuz.

The outlet says markets are skeptical of the claim, pointing to what it describes as a gap between the statement and crude market reality.

Latest closeWTI crude $82.30 ▲5.3%

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Sources

CNBC WorldCNBC Daily Open: Trump's Strait of Hormuz claim meets crude reality

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