In a recent interview with CBS News, US President Donald Trump expressed his consideration of taking control of the strategically important Strait of Hormuz, through which approximately 20% of the world's oil passes. This statement comes at a time when the oil market is experiencing significant pressure, with prices nearing $120 per barrel, negatively affecting global stock markets and potentially influencing the upcoming elections in November in the United States.

The rise in oil prices has been attributed to heightened tensions in the region, particularly due to the ongoing conflict involving Iran, Israel, and the United States. Iranian forces have made threats to attack vessels traversing the Strait, which is located between Iran's territory and the Arabian Peninsula. Trump dismissed Iran's claims of the strait being closed and emphasized that the US has various options available regarding control over this vital maritime corridor.

Furthermore, Trump also conveyed a stern message regarding Iran, indicating that the US might respond aggressively if threatened, even suggesting the possibility of destroying the nation if provoked. This development could have profound implications for international relations in the Middle East, affecting not only the regional stability but also the global oil supply and prices, which are crucial for economies worldwide.