"These ships should go through the Strait of Hormuz and show some guts, there's nothing to be afraid of. [The Iranians] have no navy, we sunk all their ships. Look, there is risk in the region, the region is volatile, their launchers, there's just about 150 left, that's just about 20% of totals, they can't regenerate, they can't make any more."
"Global oil prices reached over $100 per barrel early Monday amid fears of a longer-term disruption to energy supplies through the key Strait of Hormuz shipping route. Roughly a fifth of the world's oil typically passes through the narrow waterway, but shipping has largely ground to a halt since the conflict began more than a week ago."
Following U.S.-Israeli military operations against Iran, global oil prices surged above $100 per barrel as shipping through the Strait of Hormuz—a critical waterway carrying roughly one-fifth of world oil—nearly halted. Trump urged tanker crews to resume operations, asserting that Iranian military capabilities had been substantially degraded. He claimed approximately 150 Iranian launchers remained, representing only 20% of their total capacity, and stated Iran possessed no functional navy. Trump emphasized the region's volatility but argued the reduced Iranian threat justified resuming tanker transit. The administration reportedly deployed additional naval assets to escort vessels through the strait, with at least one tanker successfully transiting on Sunday.
Read at www.mediaite.com
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