Trump says Iran not ready for right deal, views Strait of Hormuz as ‘American territory’

Former President Trump recently escalated his strong rhetoric against Iran, declaring an "economic D-Day" and warning of severe economic consequences for any nation engaging in trade with the Islamic Republic. He asserted that Iran has failed to capitalize on opportunities for a deal, leading to this intensified "crushing economic operation" designed for unprecedented economic warfare and isolation. This announcement comes amidst a nearly six-month-long conflict with Iran.

In a further contentious move, Trump also indicated his intention to declare the Strait of Hormuz as "new U.S. territory" and shared a map reflecting this claim. He maintained that the United States, not Iran, controls the vital waterway, which has seen shipping traffic nearly cease due to a U.S. naval blockade. Despite previous reports of ongoing discussions, Trump explicitly denied any talks with Iran were scheduled or taking place.

Iranian officials have largely dismissed Trump's threats, characterizing them as a rehash of familiar sanctions and a diversion from current issues. They emphasized that the Strait of Hormuz remains under Iran's command. The pronouncements, which aim to compel Iran to cease its nuclear program and reopen the strait, have contributed to rising global oil prices, as markets anticipate continued disruptions to a crucial chokepoint for international energy shipments.