U.S. President Donald Trump posted a map on his Truth Social account labeling the Strait of Hormuz as « new US territory » amid escalating tensions with Iran over control of this strategic waterway. The Strait of Hormuz, through which a significant portion of global oil and gas shipments pass, is not recognized as U.S. territory under international maritime law. The post represents a rhetorical escalation but implies no legal change to the strait’s status. Markets now price the likelihood of a U.S.-Iran agreement by the August 31 deadline at only 2.9 percent.
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