President Donald Trump provides a brief update on the US-led naval blockade of the Strait of Hormuz, stating it is very successful and preventing all ship traffic. He mentions ongoing negotiations with Iran that could result in a deal providing the US with 'free oil,' attributing the current positive relationship with Iran to the military pressure of the blockade and bombing campaign.
This Bloomberg Markets video, published April 16, 2026, features Donald Trump discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Donald Trump · Tickers: WTI