Trump Deploys US Navy to Escort Oil Tankers in Strait of Hormuz

President Trump ordered the US Navy to escort oil tankers through the Strait of Hormuz.

The US Development Finance Corporation will provide political risk insurance for all maritime trade.

Analytics Insight

Oil prices fell instantly after the announcement.

The Strait of Hormuz is a vital passage through which 20% of the world's oil passes.

Iranian officials responded with defiance, declaring the war would continue until the surrender of America and Israel.

Iran appointed former IRGC commander as defense minister.

An-Nahar

France led a video conference with 35 countries focused on reopening Hormuz.

Reuters reported China as the biggest beneficiary of closing Hormuz despite legal violations.

Congressional Democrats demanded briefings on the war's legality and objectives.

“What you need to know - Trump has urged that about seven countries join the coalition to guarantee the security of shipping in the Strait of Hormuz”

DW

A Reuters poll found only 27% of Americans approved the strikes while 43% disapproved.

Trump continued to threaten targeting Iran's oil infrastructure.

The Council on Foreign Relations described the operation as lacking clear objectives.