Trump says Iran's handling of Strait of Hormuz is 'not the agreement we have'
Why it matters: Crude prices jumped about 2% on Monday, tightening fuel costs for U.S. and European consumers.
- President Trump calls Iran’s Hormuz handling a “very poor job” and says it breaches the existing agreement (per source)
- Abu Dhabi oil chief reports the strait is effectively not open, linking the blockage to rising crude prices (The Guardian)
- Mojtaba Khamenei says Iran will move the Hormuz management into a “new phase,” hinting at a strategic change (India Today)
President Trump slammed Iran for failing to uphold the Hormuz waterway agreement, while Abu Dhabi’s oil chief warned the strait’s closure is pushing crude prices higher. Tehran’s Mojtaba Khamenei, however, announced a new management phase for the strait, signaling a possible policy shift.
