Trump Declares Strait of Hormuz U.S. Territory

Donald Trump reiterated plans to declare the Strait of Hormuz a U.S. territory and described the blockade as a 'wall of steel' to pressure Iran from obtaining a nuclear weapon. He warned of a stronger U.S. response if Iran attacked. Officials signaled unprecedented economic measures to economically isolate Iran and sustain the naval blockade, naming Treasury Secretary Scott Bessent among those urging action. Analysts warn that the conflict has reached a deadlock, with both sides claiming control of Hormuz and little prospect for immediate peace. The administration balances talk of economic pressure with potential military actions, while markets face continued uncertainty amid the standoff.