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President Donald Trump claims the U.S. naval blockade around the Strait of Hormuz has been “100% successful,” saying no boats have reached Iran and arguing that oil prices could soon fall sharply. But his comments come amid continued concerns over oil prices, shipping disruptions and the wider impact of the Hormuz crisis on American consumers.

In this video, we break down Trump’s latest Strait of Hormuz comments, his claims about the naval blockade, oil prices in the U.S., global energy supplies and what the ongoing crisis could mean for the world economy.

Watch the full report for the latest analysis on Trump, Iran, the Strait of Hormuz, oil prices and the escalating Middle East crisis.

#Trump #StraitOfHormuz #Hormuz #Iran #OilPrices #OilCrisis #TrumpNews #USNews #MiddleEast #IranWar #OilPrice #BreakingNews #Geopolitics #USPolitics #EnergyCrisis

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Transcript
00:00Tell us one thing and they do another.
00:02But the blockade has been 100 percent successful.
00:05No boats have gotten into Iran, but they are getting in for other places.
00:09But we'll see.
00:09We're going to see what happens.
00:11It'll either...
00:13I want to ask you about Canada, but first, the Treasury Secretary says that we could
00:16see the most impactful sanctions on Iran this week.
00:19When will they come, and what else could be sanctioned on Iran?
00:23Well, we have things that we could sanction.
00:25We have very draconian sanctions, and we'll see what happens.
00:30Right now, the strait is open.
00:32A lot of boats are coming through.
00:34People aren't reporting that, and that may slow down a little bit at some point.
00:38But right now, a lot of boats are coming through.
00:41The naval blockade has been extremely effective.
00:44Zero...
00:45I mean, literally, while it's up, and that's been for quite a while, you know, except for
00:49a couple of little pauses where we opened it purposely with a deal, but the deal didn't
00:55turn out to be what they said, you know, when they tell us one thing and they do another.
00:59But the blockade has been 100 percent successful.
01:02No boats have gotten into Iran, but they are getting in for other places.
01:06But we'll see.
01:07We're going to see what happens.
01:08It'll either be extremely good and oil prices are going to drop like a rock, or we'll continue
01:15to do exactly what we're doing.
01:16You know, they were talking about $350 a barrel, and it's today 84, 85.
01:23And we are getting a lot of oil out.
01:25But the other thing that's happened is people have found other alternatives, which they never
01:30thought about.
01:31Texas, Alaska, Louisiana, and other places.
01:35In addition, a lot of pipelines, record numbers of pipelines are being built.
01:39So, I think the hormones rate is not going to be quite as important as it was in the
01:43past.
01:44Now, on Canada, you said that there's a deal, an agreement in place.
01:47Are you willing to lower tariffs on steel and aluminum?
01:50Well, we're looking at that.
01:51In order to get farmers?
01:51Yeah, yeah, yeah.
01:53Well, we're getting zero for our farmers.
01:55You know, farmers have been hurt very badly by Canada, and they won't be paying any tariffs
01:59anymore.
02:00And we may bring some of the tariffs down to a level where other countries are, because Canada
02:05was paying a higher tariff.
02:07Canada was paying us a higher tariff.
02:09So we are – look, we have a very nice relationship with leadership right now.
02:13And we'll see.
02:14But we did a three-day pause.
02:16It was supposed to be a 50 percent straight-across-the-board tariff.
02:19That was going into effect at 7 o'clock this morning.
02:22And I delayed it at the request of Canada for three days so we can iron out the details.
02:27But it's going to be a wonderful deal, hopefully a wonderful deal for everybody.
02:31Well, Mr. President, earlier today you said North Korea has something like 57 nuclear weapons.
02:36They've been expanding their nuclear – is your goal in trying to re-engage with German
02:41Kim still denuclearization?
02:43And what makes you think you can be successful now when you weren't –
02:45Well, I don't want to talk about that, but I do have a good relationship with Kim Jong-un,
02:50as you know, you've seen.
02:53He didn't like Biden.
02:54He didn't like Obama.
02:56He didn't like anybody.
02:57But he likes me.
02:58And I like – you know, I just got along with him very good.
03:00We had great meetings.
03:02We speak.
03:03And I think our nation and I think other nations, frankly, whether it's Japan or South
03:09Korea, they're a lot safer if I'm president than if somebody else is president.
03:12Now, I didn't like the fact that we're doing these massive military exercises really
03:18against North Korea.
03:19It was, you know, an exercise against North Korea.
03:21When I'm friendly with him, when we have – I don't see anything happening for certainly
03:27two and a half years.
03:28It's not going to happen with me.
03:29But I don't see anything happening.
03:31And I was not happy when South Korea said, no, they're not interested in helping us with
03:35the Harmos Strait.
03:37And yet they get 60 percent of the royal from the Harmos Strait.
03:40I said, would you like to help us?
03:42He said, no, thank you.
03:43I said, that's nice.
03:44Please.
03:45He made us a lot of money.
03:46I didn't like that.
03:47So I felt that to do a massive – we were doing a massive war exercise.
03:52I thought that was very insulting to somebody that frankly has been, during my term at least,
03:59very well behaved.
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