President Donald Trump stated Friday that oil has been discovered 'everywhere' since the Strait of Hormuz reopened, and predicted a sharp drop in oil prices. His remarks follow a series of conflicting statements and reports about the status of the strategic waterway and oil markets.
President Donald Trump claimed Friday evening that oil supplies have been discovered 'everywhere' following the reopening of the Strait of Hormuz, and predicted that oil prices will drop sharply. The statement, posted on his social media platform, continues a weeks-long volley of claims and counterclaims between Trump and Iranian officials regarding control of the strategic waterway. As The Zioneer reported on June 15, Trump had stated that the Strait of Hormuz would fully reopen by Friday, contradicting earlier Iranian insistence that the strait would remain closed pending a final agreement. Over the past two weeks, Trump has described a covert U.S. operation that moved over 100 million barrels of oil through the strait and declared that Iran was 'finished.' The latest remark, however, carries no specific data or independent verification, and oil markets have yet to react as of Friday night. The claim is attributed solely to Trump's post and remains unconfirmed by market data or other official sources.
- StrongTrump says Strait of Hormuz to reopen as early as Saturday or Monday
- StrongTrump says tankers are sailing out of Strait of Hormuz, contradicting Iranian reports
- StrongTrump reveals 100+ million barrels of oil crossed Hormuz in secret operation
- DevelopingOil surges after Iran declares Strait of Hormuz closure
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