Trump vows to declare Strait of Hormuz U.S. territory
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- Trump on Friday urged Americans to accept slightly higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon.
- Trump said in the same speech that he would 'pretty soon' declare the Strait of Hormuz a U.S. territory.
Why it matters: Trump on Friday framed slightly higher gasoline prices as the trade-off for stopping Iran's nuclear program, then said he would 'pretty soon' declare the Strait of Hormuz a U.S. territory — placing the economic cost of his Iran policy directly on American consumers at the pump.
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