Trump Says the Hormuz Blockade Is 'Doing Very Well'

Watch on YouTube ↗  |  April 16, 2026 at 19:25  |  0:40  |  Bloomberg Markets
Speakers
Donald Trump — President of the United States

Summary

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.

  • Trump states the Strait of Hormuz blockade is 'doing very well' and is routine.
  • He claims no ships are attempting to enter or pass the US Navy blockade.
  • Trump mentions a potential negotiation with Iran that could be announced soon.
  • He says this deal would give the United States 'free oil'.
  • Trump attributes improved relations with Iran to a combination of weeks of bombing and the powerful blockade.
  • He suggests the blockade may be more impactful than the bombing campaign.
Trade Ideas
Donald Trump President of the United States 0:00
Hormuz blockade and potential deal affect oil.
The US Navy blockade of the Strait of Hormuz is doing very well and is preventing all shipping from passing through, which, combined with weeks of bombing, has successfully pressured Iran. A potential successful negotiation with Iran could be announced soon, which would give the US 'free oil'.
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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