U.S. President Donald Trump gestures after delivering an address to the nation about the Iran war at the White House in Washington, D.C., U.S. April 1, 2026. Alex Brandon/Pool via REUTERS
April 3 (Reuters) – President Donald Trump on Friday said the U.S. can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war against Iran.
“With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL,& MAKE A FORTUNE,” Trump said in a post on Truth Social.
Nearly five weeks after it started ?with a joint U.S.-Israeli aerial assault, the war in Iran continues to spread chaos across the region and roil financial markets, raising the pressure on Trump to find a quick resolution to the conflict.
Iran has effectively shut down the Strait of Hormuz , a key waterway that carries about a fifth of the world’s total oil consumption, in retaliation for U.S.-Israeli ?strikes that began in late February. Reopening it has become a priority for governments around the world as energy prices soar.
In the speech on Wednesday ?night, Trump repeated his threats against Iran’s civilian power plants and gave no clear timeline for ending hostilities, drawing vows of retaliation from Iran and depressing share prices.
(Reporting by Ryan Patrick Jones in Toronto and Nate Raymond in Boston; editing by Michelle Nichols)
(c) Copyright Thomson Reuters 2026.
This article contains reporting from Reuters, published under license.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Container spot freight rates on the main east-west trades largely flatlined this week as excess capacity and uneven demand failed to further spur recent pricing increases by carriers.
By Weilun Soon and Samy Adghirni (Bloomberg) — A French container ship and a Japanese-owned tanker have crossed the Strait of Hormuz, in what appear to be the first such transits...
A Japanese-linked liquefied natural gas (LNG) carrier has successfully transited the Strait of Hormuz, marking the first such passage by a Japan-affiliated vessel since the waterway was effectively shut by conflict in the region, its operator said on Friday.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
