Trump: Nobody Will Control Hormuz, But US to Watch Over It (Q&A)

President Donald Trump said that no one nation would control the Strait of Hormuz, pushing back on Iranian demands to manage the vital energy waterway. “Nobody’s going to control it. It’s international waters,” Trump said Wednesday at the White House. “The strait’s going to be open to everybody” and the US will “watch over it.” Trump was asked during a meeting of his Cabinet officials if he was comfortable with a short-term deal that would open the strait but under Iranian control.  He didn’t indicate what steps the US would take to ensure free passage of vessels through the waterway, which has been closed since the start of the war. Iran has maintained a blockade of the strait and commercial shippers have been hesitant to attempt transit. Trump’s comments cast doubt on prospects for an immediate breakthrough between the US and Iran, with markets optimistic for a deal after both sides reported progress in recent days. The status of the strait is a key sticking point. Oil remained lower on the day as traders stayed optimistic that a deal was in sight, even amid conflicting statements from the two sides. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake