President Donald Trump told Americans to accept slightly higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon and said he would soon declare the Strait of Hormuz a US territory.
"Just remember you're doing it so that a very evil country cannot have…We don't want to have them have a nuclear weapon."
"And after we finish defeating Iran, which is being very badly defeated, pretty soon I'll be declaring the Hormuz Strait, a territory of the United States."
Around roughly 20% of global oil and LNG shipments usually pass through the Strait of Hormuz.
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