Iran-US war latest: Trump claims Strait of Hormuz is open with all mines removed after declaring it ‘new US territory’

# Analysis Trump's assertion of American control over the Strait of Hormuz represents a dramatic escalation with immediate economic implications for global energy markets. Through which roughly 30 percent of the world's seaborne oil passes, the strait's stability is fundamental to international commerce—any disruption triggers price spikes that ripple through economies from Europe to Asia, affecting everything from gasoline prices to shipping costs. The unsubstantiated claims about mine removal and territorial sovereignty, combined with the "deadlocked negotiations" backdrop, suggest the actual security situation remains murky and potentially volatile, creating uncertainty that could itself destabilize markets as traders and insurers reassess risk. If the US attempts to enforce exclusive control over this international waterway, it would contradict decades of maritime law and likely trigger counteractions from regional powers and other nations dependent on free passage, transforming a critical chokepoint into a flashpoint for broader geopolitical conflict.