Escalating tension around the Strait of Hormuz sharpened concerns over oil supply disruptions and broader economic fallout as Trump blamed Iran for downing a U.S. helicopter and promised a response.
Donald Trump accused Iran of downing a U.S. helicopter over the Strait of Hormuz and vowed a response, marking a sharper turn from the earlier account in which he had said the Apache crew was safe and the cause remained unknown. The new allegation adds to rising concern that escalating U.S.-Iran tensions around the vital oil shipping chokepoint could disrupt global crude flows, push up energy prices and destabilize the wider economy. The Strait of Hormuz is a critical route for seaborne oil, and any military escalation there is closely watched by markets because it can feed through to inflation, central bank policy and broader risk sentiment.