Trump: Nobody Will Control Hormuz, But US to Watch Over It (Q&A)
Speakers
Donald Trump
— President of the United States
Summary
President Trump addresses questions on the Strait of Hormuz, Iran negotiations, and oil prices. He asserts that no nation will control the strait and the US will ensure its openness, while predicting a rapid decline in oil and gasoline prices due to US energy abundance. The conversation also covers domestic issues like D.C. safety, immigration enforcement, and the World Cup.
- Trump insists the Strait of Hormuz will remain open under US oversight, not Iranian control.
- He states the US has vast oil reserves and is a net exporter, reducing domestic urgency for a deal.
- Trump predicts gasoline and oil prices will fall quickly to previous low levels.
- He rules out easing sanctions or providing funds to Iran, linking any deal to nuclear non-proliferation.
- Discussions touch on immigration enforcement, D.C. improvements, and the Knicks' playoff run.
Trade Ideas
Oil prices will decline rapidly.
President Trump expects oil and gasoline prices to fall sharply because the United States has abundant oil reserves, is a net exporter, and the Strait of Hormuz will remain open, ensuring ample global supply. He states prices 'are going to come down fast' and will return to previous low levels.
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This Bloomberg Markets video, published May 27, 2026, features Donald Trump discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Donald Trump · Tickers: WTI