President Trump said the Strait of Hormuz is "sealed up tight" until Iran reaches a deal, while Iran said it would not negotiate with the United States until the blockade ends.
President Trump said the United States has "total control" over the Strait of Hormuz and that the key waterway is "sealed up tight" until Iran makes a deal. Iran has said it would not negotiate with the United States until the blockade is ended. The Strait of Hormuz is a major global shipping route for energy supplies, and disruptions there are closely watched by financial and commodity markets, including digital asset markets that often react to geopolitical risk.