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Trump says he is negotiating with multiple countries on "maintaining" the Strait of Hormuz
Investing.com - U.S. President Donald Trump said Sunday evening that the United States is in negotiations with other countries regarding intervention in the Strait of Hormuz. Previously, Iran had blocked the strait in retaliation for attacks by the U.S. and Israel.
“We are discussing with other countries about working together to maintain the strait,” Trump told reporters aboard Air Force One, adding that he believes the U.S. is receiving “good responses.”
He declined to specify which countries have committed to intervening in the Strait of Hormuz.
Use InvestingPro for more breaking news on Trump and the Iran conflict
Trump said keeping the strait open would be a “very small task,” and claimed Iran’s “remaining firepower is very limited.”
He stated that Tehran’s missile and drone supplies are running out, and U.S. strikes have “destroyed” their drone manufacturing capabilities.
Trump also reiterated his stance calling for China to get involved in the Strait of Hormuz issue, citing Beijing’s heavy reliance on Iranian oil.
His comments on Sunday came after he urged other countries to send warships to keep the Strait of Hormuz open. About 20% of the world’s oil supply passes through the strait, which Iran has effectively blocked in response to U.S. and Israeli aggression.
Earlier Sunday, Trump told the Financial Times that if U.S. allies do not intervene in Iran, NATO faces a “very bad” future.
He also threatened to delay a summit with China’s top leadership scheduled for late March.
Trump reaffirmed his view that the Iran conflict will end soon. Tehran largely rejected the idea of a quick resolution, recently stating it remains “stable and strong” and is prepared to defend itself.
U.S. forces attacked Hormuz Island over the weekend, a major Iranian oil export terminal. Trump suggested the possibility of further strikes on the island.
Oil prices surged in March after the U.S.-Israel conflict with Iran, with Brent crude surpassing $100 per barrel.
However, after Trump’s remarks, crude oil prices pared early gains during Monday’s Asian trading session and traded flat.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.