Home›Global Markets›Trade & Tariffs›U.S. plays down Iran seizure of unmanned sub near Horm…

U.S. plays down Iran seizure of unmanned sub near Hormuz Strait

The U.S. and Iran exchanged new attacks around the Strait of Hormuz as President Donald Trump said oil prices will fall quickly once the conflict ends.

Reported · Written up by our desk · Trade & Tariffs

The United States is downplaying Iran's seizure of an unmanned sub in the Strait of Hormuz, while tensions continue to escalate in the waterway, according to CNBC Markets.

CNBC reports that the U.S. and Iran have traded new attacks around the strait, with the dispute tied to the broader standoff between the two countries.

President Donald Trump said he expects oil prices to drop rapidly once the Iran war ends, framing the market impact as a temporary factor linked to the conflict’s resolution, CNBC World said.

More like this

Sources