“We are going to keep the Strait. We will probably run it,” Trump told Fox & Friends Monday morning during a phone-in interview. “We'll become the guardian of the Strait. Maybe we'll call it the ‘guardian angel’ of the Strait.”
"We're going to guard it. We're going to get paid for guarding it—a lot of money," he insisted.
Brent crude, the international benchmark, neared $80 per barrel, a significant rise from the same time last week, when it traded at $71.99 prior to the renewed hostilities.
Stocks in Europe and Asia also fell Monday morning, and Wall Street futures dipped amid the geopolitical tensions.
Iran retaliated by again targeting U.S. assets in Bahrain, Kuwait, Jordan, and Oman.
Esmail Baghaei, the Iranian Foreign Ministry spokesman, argued that Iran had not been the first to violate the agreement and insisted the country had “entered negotiations with meticulousness and seriousness.”
Tehran, over the weekend, reported it had closed the Strait of Hormuz, with Iran's IRGC later stating the only way to fully reopen the waterway was to “end the interventions of the aggressive U.S. military."
Ship-tracking data from Kpler, cited by Reuters, showed that only six vessels transited the Strait on Sunday. This is far lower than the 138 vessels that typically passed through the waterway each day prior to the war.
Meanwhile, the U.S.-Iran cease-fire appears to be in tatters after Trump last week told NATO summit attendees that the interim agreement was “over.”
That deadline is set to expire in mid-August, but amid flare-ups of violence and accusations of violations from both sides, it seems little progress has been made in negotiations.
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