Trump’s Strait of Hormuz rhetoric aims to control oil prices; Iran has ‘major surprises’: Source

A knowledgeable military source told Press TV that US President Donald Trump’s recent threats to reopen the Strait of Hormuz and launch more severe attacks on Iran aim to control the market and soaring oil prices "after the weekend closure in the United States."

“US President Donald Trump’s threats to reopen the Strait of Hormuz and launch more severe attacks on Iran aim to control the market and soaring oil prices after the weekend closure in the United States, according to a knowledgeable military source”

PressTV

The source said Tehran plans to "surprise him" by stepping up defensive measures and carrying out "several major surprises" after the weekend.

PressTV

The source added that Iran's offensive operations have expanded with the destruction of enemy radars and that "harder days await" the United States.

Trump announced that the United States Development Finance Corporation (DFC) will provide political risk insurance and guarantees for maritime trade "effective IMMEDIATELY."

He said the US Navy will begin escorting tankers through the Strait of Hormuz "as soon as possible."

PressTV

US Energy Secretary Chris Wright told Press TV that oil and gas prices will begin to drop once Washington takes military action to neutralize Iran's ability to disrupt tanker traffic.

The article cites CNBC and GasBuddy data showing average US gas prices over $3.46 per gallon and US crude above $91 per barrel amid what it calls the US-Israel war against Iran and Iran’s warnings about tankers associated with the US and Israel.

Press TV reports that Iran has not closed the Strait of Hormuz but has targeted some oil tankers affiliated with the US and the Israeli regime.

“US President Donald Trump’s threats to reopen the Strait of Hormuz and launch more severe attacks on Iran aim to control the market and soaring oil prices after the weekend closure in the United States, according to a knowledgeable military source”

PressTV

Those actions have left hundreds of vessels stranded in the Persian Gulf.

The article cites Kpler saying more than 14 million barrels of crude passed through the waterway daily in 2025, about one-third of all oil exported by ship worldwide.

Brigadier General Ali Mohammad Naeini, an IRGC spokesperson, told Press TV that Iran "welcomes" and is "awaiting" the arrival of US escorts, issuing the comment as a direct warning.

Press TV states that the US and the Israeli regime launched an "unprovoked military aggression" against Iran on Saturday.

Press TV says this attack led to the assassination of the Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, and some top-ranking military commanders.

PressTV

Press TV adds the aggression occurred amid nuclear talks mediated by the Omani government.

The article says Iranian armed forces have retaliated with multiple waves of operations against Israeli military sites inside the occupied territories and against US military bases across the region using advanced missiles and drones.

It also notes that Trump secured re-election partly on promises to lower gas prices.

The article says analysts warn rising energy costs could significantly affect his party's performance in the November midterm elections.