Trump Wants Hormuz Open, Free, With No Tolls

Watch on YouTube ↗  |  May 21, 2026 at 17:06  |  2:05  |  Bloomberg Markets
Speakers
Donald Trump — President of the United States

Summary

President Trump responds to a question about Iran negotiating with Oman to formalize tolls in the Strait of Hormuz. He states the US wants the waterway open, free, and without tolls, and emphasizes the effectiveness of the US naval blockade, claiming no ships pass without US approval. He also discusses Iran's nuclear program and US military capabilities.

  • Trump wants the Strait of Hormuz to be open, free, and without tolls.
  • He says the US Navy's blockade is 100% effective, like a steel wall.
  • No ships go to or from Iran without US approval.
  • Trump claims the US has wiped out 85% of Iran's missile capacity.
  • He says Iran is losing $500 million a day due to the blockade.
  • He vows to prevent Iran from obtaining a nuclear weapon.
  • He mentions US has great drone technology for both making and knocking down drones.
  • The exchange is a brief press conference Q&A at the White House.
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