Former U.S. President Donald Trump has announced plans to declare the Strait of Hormuz as U.S. territory, according to a social media post. This statement comes amid escalating tensions between the United States and Iran over control of this strategic waterway, through which a significant portion of global maritime traffic passes. Market odds of a U.S.-Iran agreement to restore normal traffic through the Strait by August 15 stand at only 0.7%. These odds remain low for a favorable outcome by the end of August, at just 12.5%, reflecting persistent uncertainty. Observers are closely watching for official responses from Iran and military movements in the region, which could further influence the trajectory of the situation.
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