These comments follow a declaration by Trump on Oct. 6 that the US owns the strategic waterway, countering claims from IRGC commander Ali Fadavi that US warships "fled" more than 1,000 km from Iranian borders. While Fadavi maintains the IRGC controls the area, naval escorts continue to move 13.5M barrels of crude oil daily through the passage, and the US plans to station 3 aircraft carriers in the region by November.
Tuesday, October 20, 2026
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Trump Vows to Finish Iran Confrontation as US Sinks Vessels
Commodities14 days ago
President Trump stated the US must conclude its military and diplomatic standoff with Tehran, signaling that the process will happen "pretty soon." He declared the confrontation will be settled either "the nice way or the not-so-nice way" and claimed that the US Navy is stopping and in some cases sinking Iranian vessels attempting to break a blockade of the Strait of Hormuz. Trump also asserted that Iran's oil minister has resigned amid a collapse of the country's economy.
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