US Strikes Iran Targets as Trump Vows to 'Watch Over' Hormuz

Watch on YouTube ↗  |  May 28, 2026 at 05:30  |  2:56  |  Bloomberg Markets
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Jill Disis — Bloomberg Reporter

Summary

President Trump asserts that no nation will control the Strait of Hormuz, though the US will 'watch over' it, while the US has carried out airstrikes and new sanctions on Iran. Bloomberg's Jill Disis reports that Iran still tightly controls the strait with very few ships transiting, and there is little clarity on how a lasting deal could be reached. The conflict has extended beyond Trump's original timeline, and the large gap between the two sides persists.

  • Trump says nobody controls the Strait of Hormuz but the US will watch over it.
  • US conducted airstrikes on an Iranian military site and imposed new sanctions.
  • Iran maintains tight control of ship traffic through the strait.
  • Very few ships, mostly linked to Iran, are transiting the strait.
  • The conflict has exceeded Trump's original 5-6 week timeframe.
  • There remains a wide gap between Tehran and Washington on negotiations.
  • Clarity on US long-term involvement and a peace deal is lacking.
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