Trump sells Americans 'cheap oil' dream after Iran war as he declares Hormuz US territory?

Published on Aug 22, 2026 09:28 am IST

President Donald Trump says the U.S. intervention against Iran was necessary to stop Tehran from obtaining a nuclear weapon, claims Iran’s military leadership and conventional capabilities have been severely degraded, and predicts oil and gasoline prices will fall once the conflict ends. He again says he views the Strait of Hormuz as “American territory,” arguing that U.S. naval control gives Washington authority over the waterway.

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