Trump claims Iran agrees to ‘never close the Strait of Hormuz again’
Donald Trump | MGN
Iran has not made any public comment suggesting it has offered such assurances.
The blocking of most tankers that use the critical waterway, through which about 20% of the world’s crude flows on a typical day, has led to a global surge in fuel prices and has impacted other facets of the global economy.
The U.S. is far less reliant than Asia and Europe on Persian Gulf energy.
Still, the closure of the strait contributed to the largest monthly inflation increase in the U.S. in four years last month.
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