Overview
- President Trump, speaking Monday at the White House, set a Tuesday 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz.
- He said he does not know whether the conflict is winding down or escalating and said the next steps depend on Iran’s response.
- He warned that if Iran does not act, U.S. forces will target bridges and power plants in strikes inside the country.
- He said Iran appears to be negotiating in good faith with help from countries that want the fighting to end.
- The Strait of Hormuz carries about one-fifth of the world’s seaborne oil, so continued disruption threatens fuel prices and global shipping.