Tehran says Strait of Hormuz "under Iran's control" after Trump threat

Core Impact Points

• Tehran claims the Strait of Hormuz is under its control, contradicting President Trump's assertion of US dominance.
• The US threatens economic isolation and a physical blockade of Iranian ports, which could lead to a significant increase in oil prices.
• Treasury Secretary Scott Bessent has announced a two-pronged approach to pressure Iran, combining financial pressure with a physical blockade.
• The situation has significant implications for oil prices and global markets, with the US prioritizing oil price stability and preventing Tehran from acquiring a nuclear weapon.
• A British company has been hired to salvage a grounded Russian tanker off Oman's coast and stop an oil spill that is threatening wildlife.
• The oil spill has spread exponentially over hundreds of square kilometers during stormy weather, endangering a marine protected area.